State Codes and Statutes
Statutes > New-hampshire > TITLEXXXV > CHAPTER384 > 384-58
I. A New Hampshire bank holding company may directly or indirectly acquire any bank in any state in accordance with the laws of such state.
II. An out-of-state bank holding company may directly or indirectly acquire a New Hampshire bank, a national bank, or a federal savings bank having its principal place of business in New Hampshire. An out-of-state bank holding company may also organize, and be the sole incorporator of, a New Hampshire bank which is chartered under applicable New Hampshire law. No acquisition of an existing bank shall be permitted which will result in a violation of the deposit limitation contained in RSA 384-B. The authority granted by this section shall be available to the out-of-state bank holding company only if a New Hampshire bank holding company may acquire or organize a bank in the state in which the principal place of business of the out-of-state bank holding company is located under conditions no more restrictive than those imposed by the laws of this state as determined by the bank commissioner.
III. The exercise of the authority contained in paragraph II of this section by any out-of-state bank holding company which is regulated by the Office of Thrift Supervision shall be subject to a determination by the bank commissioner that the laws of each state in which a banking subsidiary of the out-of-state bank holding company is located would permit a substantially similar transaction to occur.
IV. A New Hampshire bank holding company or an out-of-state bank holding company acquiring a bank pursuant to paragraph I or II of this section shall file with the bank commissioner a copy of each application or notice filed with federal or other state regulatory authorities relating to the acquisition at the same time such application or notice is filed with such federal or other state regulatory authorities.
Source. 1995, 304:1. 1996, 288:1. 1998, 139:23. 2000, 236:6. 2001, 269:1, eff. Jan. 1, 2002.
