Released earlier this month, the latest issue of the Federal Reserve Bank of Dallas’ Quarterly Publication Financial Insights, takes a closer look at the causes behind a recent trend in community banks opting to change from a national to a state charter. As explained in the article—entitled Community Banks Flipping to State Charters—“[v]ery few commercial banks—only about 1 percent—change charters in any given year,” but, “of those that do change charters, twice as many are choosing a state charter.”  Indeed, according to the authors, “[o]f the 780 community banks that changed charters between 1995 and 2015, 529 left the control of the [OCC].” Having analyzed data from the National Information Center (NIC), the authors conclude that motivations for changing to a state charter vary broadly “from cost to culture,” but that “[b]roadly speaking, charter choice is generally a question of whether the higher assessment cost often associated with a national charter is offset by the benefits of operating under a single set of laws and regulations.”