Enacts new GS Chapter 54D, Banking Development Districts, setting out seven definitions for use in the chapter, including banking services and program. Establishes the Banking Development District Program in the Office of Commissioner of Banks to encourage the establishment of bank branches in areas of the state that are in need of banking services. Provides that the State Banking Commission (Commission) will establish banking development districts. Requires the Commission to adopt rules and specify criteria for the districts, including such criteria as the economic viability and local credit needs of communities within any given district and any existing commercial development within a district.

Sets out provisions and procedures by which a municipality, in conjunction with a bank, can apply to receive the designation of a banking development district within a specified geographic area. Provides that banks within a banking development district can be selected as a depository for pubic monies or funds that are in the custody of the State Treasurer, with such deposited funds earning a fixed rate of interest that is at or below the bank's posted rate for similar depository products.

Provides that a governing body of a municipality can select a bank in the banking development districts to deposit municipality funds, provided the bank is subject to requirements for public depositories.  Allows interest to be earned as stated above. Provides that agreements between such banks and municipalities can be changed or altered at any time.

Effective October 1, 2015.