Crossing the lines

State boundaries soon to be meaningless in banking

Starting this summer, a Fort Collins resident who does business in Boise, Idaho, may be able to perform his banking transactions through one bank account in both locations.

As a result of a law that goes into effect June 1 allowing for interstate branch banking, national banks can operate branches here.

Some national banks are already gearing up for interstate branch banking, while others are mulling over the new opportunity.

Key Bank, which operates in 14 states, plans to establish interstate branch banking beginning this summer, said spokesman Chris Arnold.

For the last couple years, the…