The U.S. Court of Appeals for the Fifth Circuit ruled Wednesday that banks may use the so-called 30-mile rule to branch into Texas.

The New Orleans-based federal appeals court overturned a lower court decision voiding the 30-mile rule, which allows a bank to move its headquarters across state lines without giving up its existing branches.

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.