Purpose.
RCW 30A.42.010
in effectThe purpose of this chapter is to establish a legal and regulatory framework for operation by alien banks in the state of Washington that will: (1) Create a financial climate which will benefit the economy of the state of Washington; (2) Provide a well regulated and supervised financial system to assist the movement of foreign capital into Washington state for the support and diversification of the local industrial base; (3) Assist the development of the economy of the state of Washington without disrupting business relationships of state and federal financial institutions.
The purpose of this chapter is to establish a legal and regulatory framework for operation by alien banks in the state of Washington that will:
(1) Create a financial climate which will benefit the economy of the state of Washington;
(2) Provide a well regulated and supervised financial system to assist the movement of foreign capital into Washington state for the support and diversification of the local industrial base;
(3) Assist the development of the economy of the state of Washington without disrupting business relationships of state and federal financial institutions.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=30A.42&full=trueFetched: 6/29/2026