A bill for an act relating to requirements for, and regular meetings of, the board of directors of a state bank.

This bill, HSB 95, updates requirements for state banks operating in Iowa. It specifies that a state bank's board must include at least three directors who are Iowa residents and U.S. citizens (previously requiring a majority, which was clarified to mean at least three). The bill also requires state bank boards to hold at least one regular meeting in each calendar quarter (ensuring quarterly meetings), while maintaining the current minimum of nine annual meetings and limiting meetings to no more than one per month. These changes directly affect all state banks in Iowa and their governing boards.