Michigan Governor May Reject Regional Interstate Banking Bill
Bennett, Andrea, American Banker
A bill permitting regional interstate banking and consolidation of bank operations statewide has been passed by the Michigan legislature, but the state's governor has indicated he may not sign it into law.
In its last day in session Tuesday, the Michigan Senate approved 30-4 a bill that could make the state the first in the Midwest to allow interstate banking. The Michigan House of Representatives had approved the bill earlier in the year.
The legislation now goes to Michigan Gov. James J. Blanchard for his consideration. In a letter supporting an alternate package of financial legislation rejected by the House of Representatives last week, Gov. Blanchard termed …
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Publication information: Article title: Michigan Governor May Reject Regional Interstate Banking Bill. Contributors: Bennett, Andrea - Author. Magazine title: American Banker. Volume: 149. Publication date: December 13, 1984. Page number: 2+. © 2009 SourceMedia, Inc. COPYRIGHT 1984 Gale Group.
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