Kentucky's top bank regulator admonished the state's bankers for not backing changes to the state's branching laws.

Speaking here at the annual meeting of the Community Bankers of Kentucky last week, Arthur L. Freeman, commissioner of the Department of Financial Institutions, predicted dire consequences if banks are not granted statewide branching. He said he is worried that limitations on where banks can do business could prevent them from growing large enough to compete with out-of-state institutions.

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