as we understand, current law does not allow for any institution which switches a charter from Federal to State or State to Federal to retain the previous name of origin, if you will, in their name, that they were a State bank or Federal bank.
Lloyd Bentsen: “as we understand, current law does not allow for any institution which switches a charter from Federal to State or State…”
Editor's note · Context
Discussing regulations regarding bank charters during a legislative session.
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