OhioCredit unions could not acquire Ohio banks or their assets
Ohio-chartered and foreign credit unions would be barred from acquiring Ohio-chartered banks or taking their assets or liabilities through certain deals as a bank closes.
What it does
Ohio-chartered and foreign credit unions would be barred from acquiring an Ohio-chartered bank. They also could not take the bank’s assets or liabilities through a deal tied to its later dissolution or surrender of its charter.
Argument forThe restriction could prevent credit unions from acquiring Ohio banks, including their assets and liabilities when a bank closes.
Argument againstBanks could have fewer options for transferring their assets and liabilities to a credit union when they dissolve or give up their Ohio charter.
More detail
The bill would bar covered credit unions from acquiring an Ohio-chartered bank. It covers credit unions chartered in Ohio and foreign credit unions, and banks chartered in Ohio. A purchase-and-assumption deal for a bank’s assets or liabilities is barred when it is part of the bank’s later dissolution or surrender of its charter.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Aug 12IntroducedIntroduced
Economy & Jobs