Ariz. Rev. Stat. § 6-324
Current through L. 2024, ch. 259
An out-of-state financial institution may establish a bank, savings and loan association or holding company in this state through de novo entry subject to the applicable laws of this state. An in-state financial institution may not be acquired for operation as a branch by an out-of-state financial institution until it has been in continuous operation for five or more years on the date of the proposed acquisition.
A.R.S. § 6-324