Forty million Americans-about one third of the work force-have private, employer-sponsored pensions that are insured by the Pension Benefit Guaranty Corporation (PBGC).
Interstate banking is rapidly becoming a marketplace reality. The pace of change is so rapid that 1985 may be a watershed in eliminating interstate banking barriers.
In today’s deregulated banking environment, more and more states are considering loosening their interstate banking restrictions. Ohio, Michigan, and Florida are three of about fifteen states currently considering interstate banking legislation.
The Community Reinvestment Act of 1977, effective November 6, 1978, requires financial institutions to " ... demonstrate that their deposit facilities serve the convenience and needs of the communities in which they are chartered to do business."