Ohio Code § 1121.26
Ohio Code § 1121.26. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1121.26.
When considering the impact of a proposed action or transaction on the convenience
and needs of the community to be served, both of the following shall apply: (A) The superintendent of financial institutions shall assess whether the facts and circumstances
relating to the proposed action or transaction reasonably indicate that the purpose
for the proposed action or transaction is to engage in the banking business and provide
banking services in the community to be served, rather than to raise funds for other
purposes or otherwise serve a nonbanking purpose. (B) The superintendent shall not require the person proposing the action or transaction
to prove any of the following: (1) There is substantial unmet need for banking services in the community. (2) The person will bring banking services or other particular advantages to the community
that are not presently available there. (3) The action or transaction will not adversely affect an existing financial institution
in the community.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1121.26
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1121.26?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1121.26 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1121.26 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.