CODE OF VIRGINIA

DEFINITIONS (§ 6.2-849)

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 the Federal Deposit Insurance Company Act of 1956 (12 U.S.C. § 1811 et
   seq.), as amended.”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 the
   conversion of branches of any bank involved in the merger or consolidation to
   branches of the resulting bank; or

   2.  The purchase of all, or substantially all, of the assets of a bank whose
   home 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 merger transaction 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.

HISTORY: 1995, c. 301, § 6.1-44.16; 2010, c. 794.