6.2-849 - (Effective October 1, 2010) Definitions.
ยง 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. ยง 1813(a) (1) of theFederal Deposit Insurance Company Act of 1956 (12 U.S.C. ยง 1811 et seq.), asamended.
"Home state" has the meaning assigned to it in ยง 6.2-836.
"Host state" has the meaning assigned to it in ยง 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 ยง 6.2-836.
"Out-of-state state bank" has the meaning assigned to it in ยง 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 ยง 6.2-836.
(1995, c. 301, ยง 6.1-44.16; 2010, c. 794.)