IA HSB95

Reduces the Iowa residency requirement for state bank board directors from a majority of board members to at least three directors who must be Iowa residents and U.S. citizens

Maintains the existing requirement that state bank boards consist of five or more directors who are at least 18 years old

Removes the restriction limiting boards to no more than one regular meeting per calendar month

Requires boards to hold at least one regular meeting per quarter while maintaining the minimum of nine regular meetings per calendar year

Allows directors to participate in meetings via any communication method that enables simultaneous hearing among all participants, unless prohibited by articles of incorporation or bylaws