90th General Assembly
Status of HB2169
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   205 ILCS 5/18             from Ch. 17, par. 325                             
   205 ILCS 5/21.2 new                                                         
   205 ILCS 5/21.3 new                                                         
   205 ILCS 10/3.071         from Ch. 17, par. 2510.01                         
   205 ILCS 10/3.09 new                                                        

        Amends the Illinois Banking Act to prohibit a change  in  control      
   if the persons seeking control would, after obtaining control, control      
   30%  or  more  of the deposits located in this State. Provides that no      
   state or national bank whose main  banking  premises  are  located  in      
   another  state  may  merge  into  or acquire an Illinois bank that has      
   operated as a bank for 5 years  or  less.  Amends  the  Illinois  Bank      
   Holding  Company  Act  of 1957 to restrict mergers with Illinois banks      
   that have operated for 5 years or less and are controlled by an out of      
   State bank. Prohibits combinations that would result in control of 30%      
   or more of the deposits in Illinois. Effective June 1, 1997.                
          FISCAL NOTE (Office of Banks & Real Estate)                          
          HB 2169 should create little or no fiscal impact for this Dept.      
   97-03-10  H  FIRST READING                                                  
   97-03-10  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-03-10  H  ADDED AS A JOINT SPONSOR                 HARTKE                
   97-03-11  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   97-03-19  H  DO PASS/SHORT DEBATE                     029-000-000   HFIN    
   97-03-19  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   97-03-21  H                         FISCAL NOTE FILED                       
   97-03-21  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   97-04-08  H  SECOND READING-SHORT DEBATE                                    
   97-04-08  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   97-04-12  H  THIRD READING/SHORT DEBATE/PASSED        111-000-003           
   97-04-14  S  ARRIVE IN SENATE                                               
   97-04-14  S  PLACED CALENDAR ORDER OF FIRST READING   97-04-23              
   97-04-22  S  CHIEF SPONSOR                            WEAVER,S              
   97-04-23  S  FIRST READING                                                  
   97-04-23  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-01-12  H  SESSION SINE DIE                                               


 Full Text  Bill Summary