214.155 In-state institutions. - Wisconsin Statutes

214.155

214.155 In-state institutions.

214.155(1)

(1) A savings bank may do any of the following:

214.155(1)(a)

(a) Acquire direct or indirect ownership or control of voting shares of one or more regional institutions or acquire an interest in, or some or all of the assets and liabilities of, one or more regional institutions.

214.155(1)(b)

(b) Merge with one or more regional institutions.

214.155(2)

(2) A savings bank proposing any action under sub. (1) shall file an application with the division for approval of the transaction and shall provide the division with copies of all applications and materials filed with a federal agency or agency of another state in seeking approval of the transaction.

214.155 - ANNOT.

History: 1991 a. 221; 1995 a. 27.