(205 ILCS 10/3.072) (from Ch. 17, par. 2510.02)
Sec. 3.072.
The Commissioner shall have the authority to examine
an out of state bank holding company which has an application pending under
paragraph (2) of subsection (a) of Section 3.071 and all of its bank
subsidiaries and any out of state bank holding company which controls an
Illinois bank or Illinois bank holding company and all such out of state
bank holding company's bank subsidiaries. The Commissioner may enter into
cooperative and reciprocal agreements with the bank regulatory authorities
of any state for the periodic examination of such bank holding companies
and may accept reports of examination and other reports from such
authorities in lieu of conducting his own examinations and may provide to
such authorities reports of examination of an Illinois bank holding company
and its subsidiary Illinois bank or banks conducted by the Commissioner
when such Illinois bank holding company has an application pending with or
approved by the bank regulatory authorities of any state to acquire control
of a bank whose main banking premises is located in another state or a bank
holding company whose principal place of business is another state. The
Commissioner may enter into joint actions with other regulatory bodies
having concurrent jurisdiction or may enter into such other actions
independently to carry out his responsibilities and assure compliance with
the laws of this State.
(Source: P.A. 85-298.)
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