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- Alaska Statutes.
- Title 6. Banks and Financial Institutions
- Chapter 5. Alaska Banking Code
- Section 548. Concentration of Deposits.
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. [Renumbered as AS 06.05.995
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. Authority of International Bank, Interstate State Bank, or Interstate National Bank to Branch.
AS 06.05.548. Concentration of Deposits.
- (a) Unless expressly otherwise allowed under this title, an acquisition, a merger, or an ownership transaction is not
permitted between a depository institution in this state and a depository institution in another state, if upon
consummation of the acquisition, merger, or transaction the resulting depository institution, whether organized under
state or federal law, controls 50 or more percent of the total amount of the deposits held by all depository
institutions in this state.
- (b) The department may by regulation adopt a procedure that allows the department to waive the restriction in (a) of this
section if the department finds that the purposes of this title will be fulfilled and the acquisition, merger, or
transaction is in the public interest.
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