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What does the Banking Commission do?

Answer:

Oversees the activities of the office of the Commissioner of Banks, reviews bank merger, charter and relocation applications and North Carolina banking laws.

The Commission consists of the state treasurer and 21 appointed members. Thirteen members represent the borrowing public, six are practical bankers and two are savings institution CEOs.

The governor or the General Assembly appoints commission members. The commission meets every two months in Raleigh.

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