Florida Interstate Branching Act

The act governs how banks may combine and expand across state lines, setting the terms under which an out-of-state or in-state institution may merge with a bank in the adopting state and operate branch offices there. It establishes a regulatory approval process for such mergers and branch acquisitions, subject to defined eligibility conditions that an applying institution must satisfy. It also imposes limits on deposit concentration, capping the share of statewide deposits any single institution or its affiliates may control through these transactions.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.