Does anyone know of any regulation or provision that would limit the state of residency for a BOD position for a savings bank?

Re: BOD member for a state savings bank wants to maintain a residence in another state, yet would like to retain board position.

I don't think nationally chartered financial institutions have such a restriction. You may need to post in the Wisconsin thread as this looks like a state specific question. I guess I would be suprised if any state had such a restriction since it would put the state at a severe competitive disadvantage in attracting businesses.

For national banks:

12 USC Section 72. Qualifications
Every director must, during his whole term of service, be a citizen of the United States, and at least a majority of the directors must have resided in the State, Territory, or District in which the association is located, or within one hundred miles of the location of the office of the association, for at least one year immediately preceding their election, and must be residents of such State or within one-hundred-mile territory of the location of the association during their continuance in office, except that the Comptroller may, in the discretion of the Comptroller, waive the requirement of residency, and waive the requirement of citizenship in the case of not more than a minority of the total number of directors...

Review your articles of incorporation as well...they may contain an oblique reference to regulatory requirements or they may contain additional requirements of their own.