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NebraskaLB250109th Legislature 1st and 2nd SessionslegislatureWALLET

Change provisions relating to qualifications of the board of directors of a bank

Sponsored By: Mike Jacobson

Signed by Governor

Banking, Commerce and Insurance Committee

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Banks must seat more local directors

State-chartered banks in Nebraska must seat more local directors. A majority of board members must have their primary home in Nebraska or within 25 miles of the bank’s main office. They can also be from the main-office county or any county where the bank has branches. Banks must also make reasonable efforts to recruit directors from those counties. This changes who can serve on bank boards and pushes for local representation.

Sponsors & Cosponsors

Sponsor

  • Mike Jacobson

    legislature

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 246 • No: 1

legislature vote • 4/24/2026

Vote

Yes: 40 • No: 0 • Other: 9

legislature vote • 4/24/2026

Vote

Yes: 38 • No: 0 • Other: 11

legislature vote • 3/6/2025

Final Reading

Yes: 47 • No: 1

legislature vote • 2/25/2025

Vote

Yes: 38 • No: 0 • Other: 11

legislature vote • 2/5/2025

Vote

Yes: 43 • No: 0 • Other: 6

legislature vote • 2/5/2025

Vote

Yes: 40 • No: 0 • Other: 9

Actions Timeline

  1. Approved by Governor on March 11, 2025

    3/12/2025legislature

  2. Passed on Final Reading 47-1*-1

    3/6/2025legislature

  3. President/Speaker signed

    3/6/2025legislature

  4. Presented to Governor on March 6, 2025

    3/6/2025legislature

  5. Placed on Final Reading

    3/3/2025legislature

  6. Enrollment and Review ER7 adopted

    2/25/2025legislature

  7. Jacobson AM256 adopted

    2/25/2025legislature

  8. Advanced to Enrollment and Review for Engrossment

    2/25/2025legislature

  9. Jacobson AM256 filed

    2/21/2025legislature

  10. Placed on Select File with ER7

    2/12/2025legislature

  11. Enrollment and Review ER7 filed

    2/12/2025legislature

  12. Hallstrom name added

    2/11/2025legislature

  13. Banking, Commerce and Insurance AM58 adopted

    2/5/2025legislature

  14. Advanced to Enrollment and Review Initial

    2/5/2025legislature

  15. Placed on General File with AM58

    1/29/2025legislature

  16. Banking, Commerce and Insurance AM58 filed

    1/29/2025legislature

  17. Referred to Banking, Commerce and Insurance Committee

    1/16/2025legislature

  18. Notice of hearing for January 28, 2025

    1/16/2025legislature

  19. Date of introduction

    1/14/2025legislature

Bill Text

  • Introduced

    3/12/2025

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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