Mid-Size Banks Opt For Comfort Of State Charters

Law360, New York (February 27, 2012, 8:01 PM EST) -- The Dime Savings Bank of Williamsburgh on Monday announced plans to convert to a state charter from its current federally chartered status, becoming the latest in what banking industry observers expect will be a steady stream of mid-size banks reverting to state charters.

In its announcement, Dime said it was seeking the charter change because New York state banking regulators would have a better understanding of conditions unique to their banking operations while federal regulators were attempting to slap on an unworkable one-size-fits-all regulatory structure. State...
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