Department of Banking and Finance; supervision and control of specified financial institutions; declaration of public purpose.
The department shall, under the laws of this state specifically made applicable to each, have general supervision and control over banks, trust companies, credit unions, building and loan associations, and savings and loan associations, all of which are hereby declared to be quasi-public in nature and subject to regulation and control by the state.
Source:Laws 1963, c. 29, § 2, p. 134; Laws 2002, LB 1094, § 1; Laws 2003, LB 131, § 2; Laws 2017, LB140, § 3.
Supervision and control extends to branches. First Fed. Sav. & Loan Assn. v. Department of Banking, 187 Neb. 562, 192 N.W.2d 736 (1971).