WASHINGTON --- Tuesday's Senate vote means fidl nationwide interstate branching is less than three years away. Here's a summary of what the bill does:
Interstate banking: There is a distint:lion between interstate branching and interstate banking, and the bill deals with both. One year after President Clinton signs the bill, interstate banking takes effect, Fernfitting bank holding companies to buy banks in any state. States do not have the right to "opt out" of interstate banking.