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

This bill updates requirements for state bank boards in Iowa. It changes the director residency rule to require at least three board members to be Iowa residents and U.S. citizens (previously a majority), and mandates at least one board meeting in each quarter of the year (while maintaining nine total meetings annually and no more than one per month). These changes directly affect state banks operating in Iowa by altering how their governing boards are structured and how frequently they must meet.