Authority of Hawaii state banks to establish interstate branches by merger
HRS §412:12-102
in effect412:12-102. Authority of Hawaii state banks to establish interstate branches by merger
(a) With the prior approval of the commissioner, a Hawaii state bank may establish and operate one or more branches in a state other than Hawaii, pursuant to an interstate merger transaction in which the Hawaii state bank is the resulting bank.
(b) Not later than the date on which the
required application for the interstate merger transaction is filed with the
responsible federal bank supervisory agency, the applicant Hawaii state bank
shall comply with and the application shall be processed in accordance with all
applicable provisions of part VI, article 3, of this chapter. The interstate
merger transaction may be consummated and the Hawaii state bank may establish
and operate the branches outside of Hawaii only after the applicant has received
the commissioner's written approval.
[L 1996, c 155, pt of §1; am L 1998, c 39,
§9]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: https://www.capitol.hawaii.gov/hrscurrent/Vol08_Ch0401-0429/HRS0412/HRS_0412-0012-0102.htmFetched: 11/10/2026