Sen. Paul Sarbanes, D-Md., last week blocked a Senate vote on legislation that would make it easier for state-chartered banks to branch across state lines.

The Senate Banking Committee's ranking Democrat wants the panel to hold a hearing on the legislation, which the House passed May 21, according to industry sources.

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.