Idaho State Statutes - Idaho Attorney Directory

APPROVAL TO ACQUIRE A BANK -- REQUIREMENTS -- APPROVAL TO
COMMENCE ACTION OR ACQUIRE A COMPANY. (1) A bank holding company shall apply
to the department of finance and receive the approval of the department of
finance prior to acquiring a bank. The application shall include such
information with respect to the financial condition and operations, management
and intercompany relationships of the bank to be acquired and the holding
company as the director may deem necessary or appropriate. In considering an
application to acquire a bank, the director shall consider at least:
(a) The financial condition of the bank holding company and any banks
already owned by the holding company;
(b) The probable effect of the acquisition on the holding company, any
banks already owned by the holding company and the bank which is to be
acquired; and
(c) The effect of the acquisition on competition in the providing of
banking services.
(2) A financial holding company shall apply to the department of finance
and receive the approval of the department of finance prior to commencing any
activity or acquiring any company as described in section 26-501(6), Idaho
Code.

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