Wis. Admin. Code Department of Financial Institutions DFI-SL 16.06

Current through November 25, 2024

Section DFI-SL 16.06 - Stock in bank-owned banks

An association may, with the prior written approval of the division, acquire and hold stock, in an aggregate amount not exceeding 10% of its capital, in one or more of the following:

(1) A bank chartered under s. 221.1202, Stats.

(2) A bank chartered under 12 USC 27 (b) (1).

(3) A bank holding company wholly owning a bank under sub. (1) or (2).

Wis. Admin. Code Department of Financial Institutions DFI-SL 16.06

CR 02-006: CR Register June 2002 No. 558, eff. 7-1-02.

Amended by, CR 23-039: am. (2) Register February 2024 No. 819, eff. 4/1/2024