Title 6.2. Financial Institutions and Services
Chapter 8. Banks
§ 6.2-836. Definitions.
As used in this article, unless a different meaning is required:
"Acquisition of a branch" means the acquisition of a branch located in a host state, without acquiring the bank of such branch.
"Affiliate" has the meaning assigned to it in 12 U.S.C. § 1841 (k) of the Bank Holding Company Act of 1956 (12 U.S.C. § 1841 et seq.), as amended.
"Bank" has the meaning assigned to it in 12 U.S.C. § 1813 (a) (1) of the Federal Deposit Insurance Company Act of 1956 (12 U.S.C. § 1811 et seq.), as amended.
"Bank holding company" has the meaning assigned to it in 12 U.S.C. § 1841 (a) of the Bank Holding Company Act of 1956 (12 U.S.C. § 1841 et seq.), as amended.
"Commercial activities" means activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal law.
"De novo branch" means a branch of a bank located in a host state which (i) is originally established by the bank as a branch and (ii) does not become a branch of the bank as a result of the acquisition of another bank or a branch of another bank, or the merger, consolidation, or conversion of any such bank or branch.
"Financial holding company" has the meaning assigned to it in 12 U.S.C. § 1841 (p) of the Bank Holding Company Act of 1956 (12 U.S.C. § 1841 et seq.), as amended.
"Home state" means:
1. With respect to a national bank, the state in which the main office of the bank is located;
2. With respect to a state bank, the state by which the bank is chartered;
3. With respect to a foreign bank, the state determined to be the home state of such foreign bank under 12 U.S.C. § 3103 (c).
"Host state" means a state, other than the home state of a bank, in which the bank maintains, or seeks to establish and maintain, a branch.
"Out-of-state bank" means a bank whose home state is a state other than the Commonwealth.
"Out-of-state state bank" means a bank chartered under the laws of any state other than the Commonwealth.
"Virginia state bank" means a bank chartered under the laws of Virginia.
