As used in this article, unless a different meaning is required:\n'Acquisition of a branch' means the acquisition of a branch located in a host state, without acquiring the bank of such branch.\n'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.\n'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.\n'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.\n'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.\n'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.\n'Financial holding 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.\n'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.\n'Home state' means:\n1. With respect to a national bank, the state in which the main office of the bank is located;\n2. With respect to a state bank, the state by which the bank is chartered;\n3. 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).\n'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.\n'Out-of-state bank' means a bank whose home state is a state other than the Commonwealth.\n'Out-of-state state bank' means a bank chartered under the laws of any state other than the Commonwealth.\n'Virginia state bank' means a bank chartered under the laws of Virginia.\n1995, c. 301, § 6.1-44.2; 2007, c. 1; 2010, c. 794.
Virginia Legal Code