TITLE 26

BANKS AND BANKING

CHAPTER 18

SAVINGS BANKS

26-1814.  Acquisitions. All acquisitions shall be approved in advance in writing by the director.

(1)  A mutual or stock savings bank may acquire, as defined by section 26-2605, Idaho Code, a savings bank organized in the same form.

(2)  A stock savings bank may acquire or be acquired by either a state or national bank with the state or national bank being the surviving bank.

(3)  A mutual savings bank may acquire or be acquired by a credit union, with the mutual savings bank being the surviving entity.

(4)  A stock savings bank may acquire or be acquired by a national or state bank with the national or state bank being the surviving entity.

History:

[26-1814, added 1997, ch. 310, sec. 3, p. 921.]