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Which of the following statements is correct under the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (the Interstate Act)? Group of answer choices
Which of the following statements is correct under the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (the Interstate Act)? Group of answer choices A. The "home state" is determined for state-chartered banks by the state where most of its deposits are held, and for national banks by the state in which the main office of the bank is located. B. A non-covered interstate branch is any bank branch that is established or acquired outside the bank's home state pursuant to the interstate branching authority granted by the Interstate Act. C. A bank is prohibited from establishing or acquiring any branches outside its home state primarily for the purpose of deposit production. D. The Act removed the authority of the OCC to approve establishment of new interstate branches of national banks
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