HRS §412:2-506
Charter or license needed for certain bank takeovers
Read the official text at capitol.hawaii.gov ↗When a bank takes over a failing bank under this part, the resulting or new bank must get a charter or license. This applies to Hawaii banks formed by consolidation and to new corporations (except federal banks) set up to merge with or buy the failing bank.
financial institutions
The statute, as written — Charter or license
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
In any acquisition pursuant to this part, a charter or license shall be required for: (1) Any Hawaii financial institution resulting from a consolidation of an acquirer with a failing financial institution; and (2) Any new corporation (except a federal financial institution) formed to merge with or acquire the assets of a failing financial institution pursuant to this chapter, whether or not a provisional approval to organize has been issued to such corporation.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.