senate Bill S7610

2013-2014 Legislative Session

Authorizes the New York state department of financial services to oversee the planned closing of bank branch offices by federally chartered banking organizations

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 15, 2014 referred to banks

S7610 - Details

Current Committee:
Law Section:
Banking Law
Laws Affected:
Amd ยง28-c, Bank L

S7610 - Summary

Authorizes the New York state department of financial services to oversee the planned closing of bank branch offices by federally chartered banking organizations.

S7610 - Sponsor Memo

S7610 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7610

                            I N  S E N A T E

                              May 15, 2014
                               ___________

Introduced  by  Sen.  AVELLA -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks

AN ACT to amend the banking law,  in  relation  to  federally  chartered
  banking organizations

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The opening paragraph of subdivision 1 of section  28-c  of
the  banking  law,  as  amended  by  chapter 180 of the laws of 2012, is
amended to read as follows:
  This section is intended to provide the superintendent  with  detailed
information  concerning  the planned closing of branch offices by state-
chartered AND FEDERALLY CHARTERED banking organizations, the availabili-
ty of alternative financial services within the general area  served  by
such  branch  and  the economic impact upon the community resulting from
such closing, and  to  provide  the  superintendent  with  authority  to
conduct  meetings  with  banking  organizations  and community groups in
areas where a branch  closing  is  planned.  The  requirements  of  this
section shall not apply to the following:
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14694-01-4

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