Regulatory Alerts1996-01-01
Kansas Bank Commissioner Memo 1996-8B: Leasing of Bank Premises to Third Parties
Kansas Bank Commissioner W. Newton Male issued this memorandum to establish mandatory guidelines for Kansas state-chartered banks leasing premises to third parties, including securities and insurance agencies. The document requires banks to execute written lease agreements that ensure operational and financial separateness from lessees to mitigate liability and prevent customer confusion. It specifically mandates compliance with federal interagency statements regarding nondeposit investment products and recommends additional protective measures such as physical separation and clear advertising disclosures.
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