FRANKFORT, Ky. -- Kentucky's banking commissioner and the Kentucky League of Savings Institutions may introduce legislation next year that would permit savings and loans to convert to state-chartered savings banks.

The groups are considering the measure because thrifts could save hundreds of thousands of dollars a year in examination fees charged by the Office of Thrift Supervision.

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.