6.1-32.33 - (Repealed effective October 1, 2010) Interstate trust offices by Virginia state banks. - Virginia Statutes

§ 6.1-32.33. (Repealed effective October 1, 2010) Interstate trust offices byVirginia state banks.

A. With the prior approval of the Commission, any Virginia state bank orstate trust company may establish a new trust office or acquire a trustoffice in a state other than Virginia.

B. A Virginia state bank or state trust company desiring to establish andmaintain a trust office in another state under this section shall file anapplication or notice on a form prescribed by the Commission and pay thebranch application fee set forth in § 6.1-94. If the Commission finds thatthe applicant has the financial resources sufficient to undertake theproposed expansion without adversely affecting its soundness and that thelaws of the host state permit the establishment of the trust office, it mayapprove the application. In acting on the application, the Commission shallconsider the views of the state bank supervisor of the host state where thetrust office is proposed to be located.

(1999, c. 835.)