INTERSTATE CONSOLIDATIONS AND MERGERS.

SEC. 4. [12 U.S.C. 215a–1] INTERSTATE CONSOLIDATIONS AND MERGERS. (a) In General.—A national bank may engage in a consolidation or merger under this Act with an out-of-State bank if the consolidation or merger is approved pursuant to section 44 of the Federal Deposit Insurance Act. (b) Scope of Application.—Subsection (a) shall not apply with respect to any consolidation or merger before June 1, 1997, unless the home State of each bank involved in the transaction has in effect a law described in section 44(a)(3) of the Federal Deposit Insurance Act. (c) Definitions.—The terms “home State” and “out-of-State bank” have the same meaning as in section 44(f) of the Federal Deposit Insurance Act.