MS HB1263

Removes the requirement for Attorney General and Governor approval when banks amend or renew their charters, allowing the Commissioner of Banking to send approved amendments directly to the Secretary of State

Allows state banks to declare and pay dividends without prior approval unless the bank is subject to enforcement action, would become undercapitalized, or poses safety and soundness risks as determined by the commissioner

Eliminates prior approval requirements for state banks and thrifts to establish or decommission electronic terminals such as ATMs and interactive teller machines, and removes the previous $2.00 or 4% cap on transaction fees

Authorizes state-chartered banks to make investments in community and economic development entities and public welfare projects to the same extent permitted for national banks under federal law (12 USC 24)

Takes effect July 1, 2026