State regulators are scrambling to keep their bank charters competitive as nationwide interstate branching approaches. On June 1, national banks will be able to open offices across the country and report to one regulator.

Last month, nearly all 50 state banking departments agreed to let the regulator in a state bank's home state lead its supervision. They also hammered out an agreement with federal regulators designed to streamline exams.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.