|
|
|
|
|
|
|
|
|
|
|
|
|
S.B. 1093 VETOES
(F) "COMMERCIAL ACTIVITIES" MEANS ACTIVITIES IN WHICH A BANK
HOLDING COMPANY, A FINANCIAL HOLDING COMPANY, A NATIONAL BANK, OR A
NATIONAL BANK FINANCIAL SUBSIDIARY MAY NOT ENGAGE UNDER FEDERAL LAW.
[(e)] (G) "De novo branch" means a branch of an out-of-state bank or banking
institution that:
(1) Is originally established by the out-of-state bank or banking
institution as a branch; and
(2) Does not become a branch of the out-of-state bank or banking
institution as a result of:
(i) The acquisition by the out-of-state bank or banking institution
of an insured depository institution or a branch of an insured depository institution;
or
(ii) The conversion, merger, or consolidation of an insured
depository institution or a branch of an insured depository institution.
[(f)] (H) "Home state" means:
(1) As to a national banking association, the state in which its main
office is located; and
(2) As to a state-chartered bank, the state by which it is chartered.
[(g)] (I) "Home state regulator" means the agency in a bank's home state with
primary responsibility for chartering and regulating banks.
[(h)] (J) "Host state" means a state, other than the home state of a bank, in
which the bank maintains or seeks to establish a branch.
[(i)] (K) "Insured depository institution" means any financial institution the
deposits of which are insured by the Federal Deposit Insurance Corporation.
[(j))] (L) "National banking association" means a bank chartered under the
National Bank Act.
[(k)] (M) "Other-state bank" means a bank chartered and primarily regulated
by another state.
[(1)] (N) "Out-of-state bank" means:
(1) A national banking association with its main office in a state other
than this State; or
(2) An other-state bank.
5-1003.
(A) A banking institution or an out-of-state bank may establish a branch in
this State by:
(1) Opening a de novo branch;
- 3492 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
