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HB 377 (BR 1356) - J. Bruce, B. Crall, J. Adams, B. Ausmus, III, L. Belcher, I. Branham, R. Damron, T. Feeley, R. Palumbo, J. Stewart, R. Thomas
AN ACT relating to branching and acquisition of banks in Kentucky.
Amend KRS 287.180 to allow banks to establish branch banks within any state, the District of Columbia, or a territory of the United States; amend KRS 287.172 to remove the same county or city requirement regarding bank mergers; amend KRS 287.900 to remove the "interim bank" exception; amend KRS 287.915, 287.920, and 287.180 to conform.
HB 377 - AMENDMENTS
HCA (1, J. Bruce) - Make technical corrections.
HFA (1, P. Bather) - Amend to limit to four (4) the number of contiguous counties in which banks may establish branches.
HFA (2, P. Bather) - Amend to limit to four (4) the number of contiguous counties in which banks may establish branches, or banks may establish branches within seventy-five (75) miles of the county in which its principal office is located.
HFA (3, K. Upchurch) - Amend HFA2 to retain original provisions of amendment but permit branching within 100 miles of the county in which the principal office is located if that county is a border county.
HFA (4, K. Upchurch) - Delete provision that allows branching in any county and replace with permission to branch within home county, within up to four contiguous counties, within 75 miles of the county, or within 100 miles of the county if the county is on the border of the state.
HFA (5, J. Stacy) - Prohibit a bank whose principal office is located in a county with a population of 16,000 or fewer persons from opening a branch in any other county; prohibit a bank from opening a branch in a county, other than the county in which its principal office is located, with a population of 16,000 or fewer persons.
HFA (6, J. Stacy) - Require bank that opts to branch statewide to keep 50 percent of deposits at the branch within the county and require all investments and profits of bank to remain in the Commonwealth.
HFA (7, J. Stacy) - Remove authorization to branch in any county; allow branching in contiguous counties.
HFA (8, J. Stacy) - Require a bank that opts to branch statewide to reinvest within the county in which the branch is located at least 80 percent of deposits made at a branch .
HFA (9, J. Stacy) - Require a bank that opts to branch statewide to make available to the public its sources of income, including amount attributable to investments and service charges; require each service charge to be listed separately and the funds received from each separate charge.
Jan 18-introduced in House
Jan 19-to Banking and Insurance (H)
Jan 24-posted in committee
Jan 27-reported favorably, 1st reading, to Calendar with committee amendment (1)
Jan 28-2nd reading, to Rules
Feb 2-posted for passage in the Regular Orders of the Day for Thursday, February 3, 2000
Feb 7-floor amendments (1) and (2) filed
Feb 8-floor amendment (3) filed to House floor amendment (2) ; floor amendment (4) filed
Feb 9-floor amendments (5) (6) (7) (8) and (9) filed
Feb 10-3rd reading; floor amendments (2) and (5) defeated ; passed 74-18 with committee amendment (1)
Feb 14-received in Senate
Feb 16-to Banking and Insurance (S)
Feb 29-reported favorably, 1st reading, to Calendar
Mar 1-2nd reading, to Rules
Mar 2-posted for passage in the Regular Orders of the Day for Friday, March 3, 2000
Mar 3-3rd reading, passed 26-10
Mar 6-received in House; enrolled, signed by Speaker of the House
Mar 7-enrolled, signed by President of the Senate; delivered to Governor
Mar 17-signed by Governor (Acts ch.135)
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