6.2-836 - (Effective October 1, 2010) Definitions.
§ 6.2-836. (Effective October 1, 2010) Definitions.
As used in this article, unless a different meaning is required:
"Acquisition of a branch" means the acquisition of a branch located in ahost state, without acquiring the bank of such branch.
"Affiliate" has the meaning assigned to it in 12 U.S.C. § 1841(k) of theBank 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 theFederal Deposit Insurance Company Act of 1956 (12 U.S.C. § 1811 et seq.), asamended.
"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 financialsubsidiary 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 notbecome a branch of the bank as a result of the acquisition of another bank ora branch of another bank, or the merger, consolidation, or conversion of anysuch 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 thebank 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 stateof such foreign bank under 12 U.S.C. § 3103(c).
"Host state" means a state, other than the home state of a bank, in whichthe bank maintains, or seeks to establish and maintain, a branch.
"Out-of-state bank" means a bank whose home state is a state other thanthe Commonwealth.
"Out-of-state state bank" means a bank chartered under the laws of anystate other than the Commonwealth.
"Virginia state bank" means a bank chartered under the laws of Virginia.
(1995, c. 301, § 6.1-44.2; 2007, c. 1; 2010, c. 794.)