WASHINGTON - CoreStates Bank and Industrial Bank of Washington are the latest institutions to win permission to form multistate banks operating under a single charter.

Both moves were authorized under a legal loophole that allows national banks to move their main offices 30 miles or less - even across state lines - and operate their former headquarters as a branch.

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.