(1) With the prior approval of the Federal Home Loan Bank Board [abolished] and other applicable federal authorities in accordance with their approval authority over the transaction and without the necessary approval of the board except for the requirements under § 23-37-810:(1) An Arkansas federal association may acquire a southern region association; and(2) A southern region association may acquire an Arkansas federal association.
(1) An Arkansas federal association may acquire a southern region association; and
(2) A southern region association may acquire an Arkansas federal association.