6.2-849 - (Effective October 1, 2010) Definitions. - Virginia Statutes

§ 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.)