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Interstate Banking

Interstate Banking Definition

Interstate Banking is banking across state lines. Since the 1980s banks are allowed to acquire out-of-state banks, thus regional and national banking chains could be developed. The first phase of the process was forming regional banks when smaller banks in a region merged to larger institutions. The next step took place when mergers with banks in any other state were allowed. Nowadays banks meeting certain capitalization requirements may acquire other banks in any other state.

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