KS SB139

Requires banks and trust companies to notify the commissioner immediately when board members, CEOs, presidents, or directors are newly appointed (prior to starting duties) or removed from their positions (within five business days)

Automatically voids the charter of any bank or trust company on the next business day following completion of an approved merger transaction, with a 15-day deadline to surrender certificates of authority

Creates exceptions allowing entities to engage in banking or trust business without commissioner approval if they are federally insured and chartered in Kansas, another state, or by the federal government

Expands the trust service office relocation exemption from less than one mile to less than 10 miles from existing locations, reducing regulatory burden for minor moves

Updates internal statutory references, modernizes terminology throughout the state banking code, and requires hearings related to bank holding company determinations and cease-and-desist orders to follow the Kansas Administrative Procedure Act