MO HB1098

Amends Section 362.600, RSMo to update regulatory references from "office of thrift supervision" to "the comptroller of the currency" for out-of-state banks and trust companies

Requires out-of-state banks or trust companies applying for a certificate of reciprocity to disclose whether they intend to establish a trust representative office, facility, branch, or other physical location in Missouri and describe planned activities

Authorizes the Director of Finance to enter memoranda of understanding with other state regulators to accept their capital requirements in lieu of Missouri's minimum $1 million bond requirement, facilitating interstate reciprocity for Missouri-chartered institutions

Expands conditions under which out-of-state institutions may establish physical locations in Missouri to include those "otherwise authorized by federal law to establish a branch in Missouri"

Permits service of legal process at any Missouri trust office location upon any officer, agent, or employee for out-of-state institutions that have established physical locations in the state