Amends existing law to revise provisions of the Idaho Bank Act.

The purpose of this legislation is to focus on three main areas: providing regulatory relief for state-chartered banks, bringing bank management concerns into today’s reality of remote meetings, and distancing, and updating fees owed for banks over $10 billion in asset size. Below are the specific amendments to this bill: • Updates the requirement to conduct regular or special meetings of stockholders, board of directors, board committees, or the executive committee remotely • Eliminates the residency requirements for a bank’s board of directors; • Decreases the number of annual required bank board meetings from ten to six; • Eliminates the twenty percent write-down on bank-owned real estate during the Department of Finance Director-approved second 5-year period; • Updates bank fees for institutions with excess of $10 billion in total assets.