As used in this subchapter:(1)(A) 'Full service branch' means a banking facility separate from the main office of the bank at which all lawful banking activities may be conducted as fully as in the main office.(B) 'Full service branch' includes a mobile facility that:(i) Conducts banking business within the same county as the main office or another full service branch of the bank;(ii) Does not have a single, permanent site;(iii) Does not remain within five (5) miles of any banking location for more than two (2) business days;(iv) Travels to various locations within the county to enable customers to conduct banking business; and(v) Maintains a log of operations indicating the date and specific location of each stop;(2) 'Healthy bank' means a state bank whose financial condition satisfies the criteria established by State Bank Department rule; and(3) 'Supervisory banking authority' means the Bank Commissioner for state banks and the United States Comptroller of the Currency for national banks.Amended by Act 2019, No. 315,§ 2549, eff. 7/24/2019.Acts 1997, No. 89, § 1; 2005, No. 1816, § 1; 2007, No. 42, § 1.
Arkansas Legal Code