Alleging unfair competition, Alabama bankers are calling for changes in a Florida law that could cost them millions of dollars in public deposits.

The law, which bars banks chartered in states outside Florida from accepting government deposits, has been on the books for years. But its implications have come to the fore only recently, as regional banking companies prepare to consolidate charters with the advent of interstate banking.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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