Chair: H. Robert Hergenroeder, Jr., Commissioner of Financial Regulation
Appointed by Governor: Mary Beyer-Halsey; Fernando Cruz-Villalba; Teresa A. Halleck; John M. Hamilton; Stephen D. Hannan, Esq.; Nicole M. Harrell; Joanne R. Kerstetter-Hull; A. Patrick Linton; Michelle S. Meier, Esq.; Ernest Stokes II, Esq.
Appointed by House Speaker: John S. Arnick; David R. Brinkley; John F. Wood, Jr.
Appointed by Commissioner of Financial Regulation: Gregory L. Watkins; Anthony H. Zelaznicki.
Staff: Peggy J. Parr
c/o Division of Financial Regulation
Dept. of Labor, Licensing, & Regulation
500 North Calvert St., Room 402
Baltimore, MD 21202
fax: (410) 333-0475
The Task Force to Study Bank Charter Modernization was created in 1997 (Chapter 302, Acts of 1997).
The work of the Task Force will focus on modernizing State banking laws and facilitating conversions of other financial institutions to State-chartered banking institutions. To these ends, the Task Force is to identify changes since 1980 in federal law affecting banks, and study how other states have responded to these changes. The Task Force also will review Maryland laws that affect the operation and powers of State-chartered banking institutions, including commercial banks and savings banks.
For the General Assembly, the Task Force will draft revisions to the Financial Institutions Article (Title 3 through Title 5) of the Annotated Code of Maryland.
The Task Force issued an interim report on November 1, 1997.
July 10, 1998
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