As used in this article, unless a different meaning is required:

“Acquisition of a branch” means the acquisition of a branch located in a host state, without acquiring the bank of such branch.”Affiliate” has the meaning assigned to it in 12 U.S.C. § 1841(k) of the Bank Holding Company Act of 1956 (12 U.S.C. § 1841 et seq.), as amended.”Bank” has the meaning assigned to it in 12 U.S.C. § 1813(a) (1) of the Federal Deposit Insurance Company Act of 1956 (12 U.S.C. § 1811 et seq.), as amended.”Bank holding company” has the meaning assigned to it in 12 U.S.C. § 1841(a) of the Bank Holding Company Act of 1956 (12 U.S.C. § 1841 et seq.), as amended.”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.”De novo branch” means a branch of a bank located in a host state which (i) is originally established by the bank as a branch and (ii) does not become a branch of the bank as a result of the acquisition of another bank or a branch of another bank, or the merger, consolidation, or conversion of any such bank or branch.”Financial holding company” has the meaning assigned to it in 12 U.S.C. § 1841(p) of the Bank Holding Company Act of 1956 (12 U.S.C. § 1841 et seq.), as amended.

“Home state” means:

“Host state” means a state, other than the home state of a bank, in which the bank maintains, or seeks to establish and maintain, a branch.”Out-of-state bank” means a bank whose home state is a state other than the Commonwealth.”Out-of-state state bank” means a bank chartered under the laws of any state other than the Commonwealth.”Virginia state bank” means a bank chartered under the laws of Virginia.

History

1995, c. 301, § 6.1-44.2; 2007, c. 1; 2010, c. 794.