Section 362.106 "Wild Card " Provisions

Section 362.106(4) RSMo Supp.2001 gives Missouri state banks the same powers as Missouri-based national banks without requiring a Division of Finance regulation. Banks proposing to engage in new activities are required to provide prior notice to the division unless they meet the same conditions and criteria as another bank that has already obtained an approval or no action letter. The commissioner may prohibit or limit an activity he determines is an unsafe or unsound practice.

Click on the authorized activity to view the commissioner's interpretative letter:

Interpretative Letters (PDF)