2005 Idaho Code - 26-1605 — CONDITIONS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 16
                        IDAHO INTERSTATE BRANCHING ACT
    26-1605.  CONDITIONS. (1) The director shall not approve the acquisition
of a bank, the home state of which is Idaho, if:
    (a)  The bank to be acquired has been in existence and engaged in the
    business of banking in this state for less than five (5) years;
    (b)  The statutes of the home state of the acquiring bank would not
    expressly allow a bank chartered in this state to acquire a bank in such
    state.
    (2)  Upon notification by a bank, the home state of which is Idaho, that
such bank intends to operate a branch in another state, the department will
have thirty (30) days within which to object or otherwise act upon such an
acquisition.
    (3)  If the director finds a violation of Idaho law concerning the
activities of a bank which has Idaho as a host state, or that such a bank is
operating in an unsafe and unsound condition, the director may take any
enforcement or corrective action authorized under the Idaho bank act. The
director may limit the authority of any bank operating in Idaho to accept or
retain deposits originating in Idaho if the bank is operating in an unsafe or
unsound manner.