RÉSUMÉ DIGEST
ACT 17 (HB 217) 2021 Regular Session Hilferty
Prior law provided that if the U.S. Congress enacts legislation authorizing de novo interstate
banking, it would be the public policy of the state to choose not to be subject to the
provisions of that legislation.
New law repeals prior law.
Prior law allowed all banks domiciled in the state having a capital of $100,000 or more to
open branch offices within the state.
New law removes the capital requirement provided for in prior law and allows the branch
offices to be opened within or outside of the state.
Prior law allowed an out-of-state bank holding company to enter the state only through the
purchasing of certain financial institutions that are established in the state.
New law repeals prior law.
Prior law prohibited an out-of-state bank holding company from entering the state by creating
a de novo bank or creating a state bank holding company through which to create a de novo
bank.
New law repeals prior law.
Prior law allowed an out-of-state bank to enter the state only through the purchase of certain
financial institutions that are established in the state.
New law repeals prior law.
Prior law prohibited an out-of-state bank from the creation of a de novo bank or de novo
branch or branches or from the creation of a state bank holding company through which to
create a de novo bank.
New law repeals prior law.
Effective August 1, 2021.
(Amends R.S. 6:5, 501(A), 535(C), and 536(C))