The Riegle–Neal Interstate Banking and Branching Efficiency Act of 1994[1][2] (IBBEA) amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered banks.
Among other notable changes, the Act stipulated that a federally chartered bank wishing to expand must first undergo a review of its Community Reinvestment Act compliance.
[7] Three sections of the IBBEA address and expand the Community Reinvestment Act.
In section 107[8] ("EQUALIZING COMPETITIVE OPPORTUNITIES FOR UNITED STATES AND FOREIGN BANKS"): In section 109[9] ("PROHIBITION AGAINST DEPOSIT PRODUCTION OFFICES"): Section 110[10] ("COMMUNITY REINVESTMENT ACT EVALUATION OF BANKS WITH INTERSTATE BRANCHES") amends the Community Reinvestment Act itself to include a new section regarding the method of evaluating the compliance of banks with branches in more than one state.
These effects diminished and ultimately reversed as firms aged.