Banking expansion across state lines, as authorized by state laws permitting bank holding companies to merge with out-of-state banks. Regional interstate agreements, originating in the mid-1980s, were the initial step toward nationwide bank networks and nationwide branching. For example, the six New England states adopted reciprocal interstate banking laws in the mid-1980s, as did states in the Southeast, the Midwest, and Western regions.
Under the Riegle-Neal Interstate Banking and Branch Efficiency Act of 1994, well-capitalized banks were able to merge with banks outside their home state after October 1, 1995, and accept deposits through branches in any state after June 1, 1997.
See also Interstate Banking; National Trigger; Super Regional Bank.
