West Virginia Regulator Urges Discussions of Interstate Bill

American Banker, September 3, 1985 | Go to article overview
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West Virginia Regulator Urges Discussions of Interstate Bill


CHARLESTON, W. Va. -- West Virginia Banking Commissioner Thomas Hansberry urged lawmakers here to consider measures that would permit interstate banking by 1987.

The commissioner said last week that he remained neutral on the issue but told the Legislature's joint subcommittee on banking that a proposed bill being studied by the West Virginia Bankers Association should receive attention.

"I'm just trying to put all aspects of interstate banking out on the table to consider," Mr. Hansberry said.

The bill Mr. Hansberry wants reviewed would allow statewide branch banking by June 1986, with interstate banking permitted one year later.

Under the bill, states that permit entry by West Virginia banks would be given the same privilege in West Virginia, but out-of-state banks would be allowed to buy only up to 20% of the assets of a West Virginia bank.

Mr. Hansberry said he would like language added to the measure to safeguard the current $13 billion to $14 billion in deposits in the state banks.

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West Virginia Regulator Urges Discussions of Interstate Bill
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