All Roll Calls
Yes: 102 • No: 32
WyomingSF 542026 Budget SessionSenate
AN ACT relating to banks, banking and finance; providing for the conversion of special purpose depository institutions into state banks; providing for the conversion of state banks into special purpose depository institutions; requiring rulemaking; and providing for effective dates.
Sponsored By: Chris Rothfuss (Democratic)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Wyoming banks gain conversion options with safeguards
Beginning July 1, 2026, Wyoming state banks and special purpose depository institutions can convert into each other. This law creates a dedicated conversion process overseen by the Banking Commissioner and State Banking Board. Applications require board and shareholder approval, organizational documents, bylaws, ownership and leadership details, and proof of capital. Institutions must pay the applicable filing fee and meet the capital and operating standards for their new type. Plans must explain how assets, debts, and known and unknown claims—including claims arising after conversion—will be handled. Filings must also show applicable federal deposit insurance when required. The Board can allow expedited review, requiring a decision on a complete application within 90 days. After charter approval, the commissioner has 30 days to decide a complete application for permission to operate; silence counts as approval. Approval or a reasoned denial must be followed within 20 days by the certificate or denial notice. Denied applicants have 90 days to correct and resubmit; missing that deadline can lead to revocation of initial approval. Converted institutions keep their legal history, surrender their old certificate, and stop using their former type designation. Their charter and certificate expire unless business begins in good faith within one year after the later of certificate issuance or required federal approval. The rulemaking mandate takes effect immediately, and the commissioner must complete implementing rules by July 1, 2026.
Sponsors & Cosponsors
Sponsor
Chris Rothfuss
Democratic • Senate
Cosponsors
Lee Filer
Republican • House
Daniel Singh
Republican • House
Mike Yin
Democratic • House
Barry Crago
Republican • Senate
Tara Nethercott
Republican • Senate
Jared Olsen
Republican • Senate
Roll Call Votes
House vote • 3/5/2026
H 3rd Reading:Passed 37-24-1-0-0
Yes: 37 • No: 24
House vote • 3/2/2026
H09 - Minerals:Recommend Do Pass 8-0-1-0-0
Yes: 8 • No: 0
Senate vote • 2/23/2026
S 3rd Reading:Passed 27-4-0-0-0
Yes: 27 • No: 4
Senate vote • 2/18/2026
S09 - Minerals:Recommend Do Pass 4-0-1-0-0
Yes: 4 • No: 0
Senate vote • 2/10/2026
S Introduced and Referred to S09 - Minerals 26-4-1-0-0
Yes: 26 • No: 4
Actions Timeline
Assigned Chapter Number 74
3/7/2026Governor Signed SEA No. 0053
3/7/2026GovernorH Speaker Signed SEA No. 0053
3/5/2026HouseS President Signed SEA No. 0053
3/5/2026SenateAssigned Number SEA No. 0053
3/5/2026H 3rd Reading:Passed 37-24-1-0-0
3/5/2026HouseH 2nd Reading:Passed
3/4/2026HouseH COW:Passed
3/3/2026HouseH Placed on General File
3/2/2026HouseH09 - Minerals:Recommend Do Pass 8-0-1-0-0
3/2/2026HouseH Introduced and Referred to H09 - Minerals
2/26/2026HouseH Received for Introduction
2/23/2026HouseS 3rd Reading:Passed 27-4-0-0-0
2/23/2026SenateS 2nd Reading:Passed
2/20/2026SenateS COW:Passed
2/19/2026SenateS Placed on General File
2/18/2026SenateS09 - Minerals:Recommend Do Pass 4-0-1-0-0
2/18/2026SenateS Introduced and Referred to S09 - Minerals 26-4-1-0-0
2/10/2026SenateS Received for Introduction
1/29/2026SenateBill Number Assigned
1/27/2026
Bill Text
Enrolled
Introduced
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