6.2-849 - (Effective October 1, 2010) Definitions.
§ 6.2-849. (Effective October 1, 2010) Definitions.
As used in this article, unless a different meaning is required:
"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.
"Home state" has the meaning assigned to it in § 6.2-836.
"Host state" has the meaning assigned to it in § 6.2-836.
"Interstate merger transaction" means:
1. The merger or consolidation of banks with different home states, and theconversion of branches of any bank involved in the merger or consolidation tobranches of the resulting bank; or
2. The purchase of all, or substantially all, of the assets of a bank whosehome state is different than the home state of the acquiring bank.
"Out-of-state bank" has the meaning assigned to it in § 6.2-836.
"Out-of-state state bank" has the meaning assigned to it in § 6.2-836.
"Resulting bank" means a bank that has resulted from an interstate mergertransaction under this article.
"Virginia bank" means a bank whose home state is Virginia.
"Virginia state bank" has the meaning assigned to it in § 6.2-836.
(1995, c. 301, § 6.1-44.16; 2010, c. 794.)