Publisher's Synopsis
Excerpt from Branch Banking With Special Reference to California Conditions
Classification of states according to whether or not branch banking is permitted is difficult. Exceptions are numerous and the lack Of specific provisions in the law places some states in an uncertain position. It will be noted that the laws of sixteen states now prohibit branch banks, seventeen states permit them, and in fifteen states and the District of Columbia there is no specific provision in the law. Of the fifteen states in the laws of which there is no specific reference to branches, four practice branch banking to some extent and the other eleven do not now allow branches of state banks. This increases the total number Of states in which branch banking is not tolerated to twenty-seven, and Of those in which it is apparently allowed in some form to twenty-one. The laws of some states, for example, New York, Massachusetts, and Ohio, permit branches only in the same city. Branches are now permitted in New York only in cities of or more.
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