Ohio HB986 prohibits credit unions from acquiring Ohio banks.

Ohio HB986 amends the state's Revised Code to explicitly prohibit credit unions from acquiring Ohio banks. This includes any purchase and assumption agreements that would result in the credit union acquiring bank assets or liabilities as part of the bank's dissolution or charter surrender. The bill targets credit unions chartered under Chapter 1733 of the Revised Code and foreign credit unions.

Ohio HB986 prohibits credit unions from acquiring Ohio banks.

Ohio HB986 amends the state's Revised Code to explicitly prohibit credit unions from acquiring Ohio banks. This includes any purchase and assumption agreements that would result in the credit union acquiring bank assets or liabilities as part of the bank's dissolution or charter surrender. The bill targets credit unions chartered under Chapter 1733 of the Revised Code and foreign credit unions.