Financial Institutions, Dept. of - As enacted, authorizes the commissioner to determine the type, amounts, and other characteristics of deposit insurance required to be maintained by each state bank; describes criteria the commissioner must consider in making the determinations. - Amends TCA Title 45, Chapter 2.

HB 110 gives Tennessee's banking commissioner authority to determine the specific type, amount, and other requirements for deposit insurance that each state bank must maintain, rather than applying fixed standards. This directly affects all state banks operating in Tennessee by shifting oversight from rigid rules to case-by-case commissioner decisions. The commissioner must consider five key factors: a bank's safety and soundness, its role in promoting Tennessee's economic progress, public confidence in banking, industry input, and other relevant considerations. The bill also requires the commissioner to create implementing rules following standard administrative procedures, with the law taking effect on July 1, 2025.