Bill Status of SB2709  93rd General Assembly

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Short Description:  FIN REG-ACQUIRE IL BANK 5 YRS

Senate Sponsors
Sen. Kimberly A. Lightford

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

205 ILCS 5/21.2 rep.

205 ILCS 10/3.071

from Ch. 17, par. 2510.01

Synopsis As Introduced
Amends the Illinois Banking Act and the Illinois Bank Holding Company Act. Eliminates provisions prohibiting an out of state bank or a national bank whose main banking premises is located outside Illinois from acquiring or merging with an Illinois bank that has existed and continually operated as a bank for 5 years or less. Effective immediately.

Actions 

Date	Chamber	Action
2/4/2004	Senate	Filed with Secretary by Sen. Kimberly A. Lightford
2/4/2004	Senate	First Reading
2/4/2004	Senate	Referred to Rules
1/11/2005	Senate	Session Sine Die