ATLANTA -- NationsBank Corp.'s push to dismantle interstate banking restrictions in the Southeast is gathering momentum.

Last week, the president of NationsBank's Georgia subsidiary proposed a bill to the state's General Assembly that would take Georgia out of the Southeast Compact by July 1, 1996. The compact, which involves agreements among nine southeastern states and the District of Columbia, prevents a bank headquartered in the region from expanding outside the nine signatory states.

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.