Oklahoma Banking Commissioner Mick Thompson is charging that the Office of the Comptroller of the Currency is giving national banks an unfair advantage by violating intrastate branching laws.

Mr. Thompson said he is unhappy with a recent decision by the OCC giving conditional approval to Yukon National Bank to branch into the nearby town of Mustang as soon as a locally based bank, First Mustang State Bank, moves out.

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.