{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1133.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1133.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1133.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1133.html"}],"law_id":68879,"edition_id":1,"section_id":68879,"structure_id":14840,"section_number":"6.2-1133","catch_line":"Offices and other facilities of state and foreign savings institutions; approval of branch offices required","history":"Code 1950, \u00a7 6-201.41; 1960, c. 402; 1966, c. 584, \u00a7 6.1-171; 1970, c. 397; 1972, c. 796, \u00a7 6.1-195.48; 1976, c. 658; 1978, c. 683; 1985, c. 425, \u00a7 6.1-194.26; 1991, c. 230, \u00a7 6.1-194.119; 2010, c. 794.","full_text":"A\n\nA state savings institution may establish and operate such offices and other facilities as are authorized by its board of directors. A state savings institution shall not establish a branch office or other office or facility where deposits are accepted without obtaining the prior approval of the Commission as provided in subsection B. Prior to establishing or permanently closing any office or other facility, a state association shall give at least 30 days’ written notice to the Commissioner, in such form as may be prescribed by the Commissioner. Prior to establishing, relocating, or permanently closing any office or other facility of the savings bank or any of its affiliates, a savings bank shall give at least 30 days’ written notice to the Commissioner, in such form as may be prescribed by the Commissioner. A savings institution shall also give written notice to the Commission, in such form as may be prescribed by the Commission, within 10 days after it has established or permanently closed an office or other facility, and if the institution is a savings bank, it shall give such written notice to the Commission within 10 days after it has relocated any such office or other facility.B\n\nApplications for authorization to establish a branch office or other office or facility where deposits are accepted shall be made in writing, in such form as may be prescribed by the Commission. Upon review of a savings institution’s application and any other information that the Commission may reasonably require, the Commission shall approve the establishment of such office or facility if it is satisfied that the public interest will be served thereby and, if the applicant is a savings bank, that it has sufficient capital to warrant additional expansion. Such offices or facilities may be closed without the prior approval of the Commission. However, written notice of the closing of such an office shall be given to the Commissioner as provided in subsection A.C\n\nThe requirements of subsections A and B shall also apply to the establishment and closing of the offices of a foreign savings institution authorized to transact business in the Commonwealth.","order_by":null,"text":{"0":{"id":249329,"text":"A state savings institution may establish and operate such offices and other facilities as are authorized by its board of directors. A state savings institution shall not establish a branch office or other office or facility where deposits are accepted without obtaining the prior approval of the Commission as provided in subsection B. Prior to establishing or permanently closing any office or other facility, a state association shall give at least 30 days’ written notice to the Commissioner, in such form as may be prescribed by the Commissioner. Prior to establishing, relocating, or permanently closing any office or other facility of the savings bank or any of its affiliates, a savings bank shall give at least 30 days’ written notice to the Commissioner, in such form as may be prescribed by the Commissioner. A savings institution shall also give written notice to the Commission, in such form as may be prescribed by the Commission, within 10 days after it has established or permanently closed an office or other facility, and if the institution is a savings bank, it shall give such written notice to the Commission within 10 days after it has relocated any such office or other facility.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":249330,"text":"Applications for authorization to establish a branch office or other office or facility where deposits are accepted shall be made in writing, in such form as may be prescribed by the Commission. Upon review of a savings institution’s application and any other information that the Commission may reasonably require, the Commission shall approve the establishment of such office or facility if it is satisfied that the public interest will be served thereby and, if the applicant is a savings bank, that it has sufficient capital to warrant additional expansion. Such offices or facilities may be closed without the prior approval of the Commission. However, written notice of the closing of such an office shall be given to the Commissioner as provided in subsection A.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":249331,"text":"The requirements of subsections A and B shall also apply to the establishment and closing of the offices of a foreign savings institution authorized to transact business in the Commonwealth.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14840,"edition_id":1,"name":"Offices, Branches, and Facilities","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13490,"metadata":{},"date_created":"2026-06-26 03:50:18","date_modified":"2026-06-26 03:50:18","permalink":{"id":264239,"object_type":"structure","relational_id":14840,"identifier":"3","token":"6.2\/II\/11\/3","url":"\/6.2\/II\/11\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13490,"edition_id":1,"name":"Savings Institutions","identifier":"11","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:01","date_modified":"2026-06-26 03:45:01","permalink":{"id":264101,"object_type":"structure","relational_id":13490,"identifier":"11","token":"6.2\/II\/11","url":"\/6.2\/II\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":68879,"structure_id":14840,"section_number":"6.2-1133","catch_line":"Offices and other facilities of state and foreign savings institutions; approval of branch offices required","url":"\/6.2-1133\/","token":"6.2\/II\/11\/3\/6.2-1133","metadata":false},{"id":69733,"structure_id":14840,"section_number":"6.2-1134","catch_line":"Facilities associated with branch office","url":"\/6.2-1134\/","token":"6.2\/II\/11\/3\/6.2-1134","metadata":false},{"id":75371,"structure_id":14840,"section_number":"6.2-1135","catch_line":"Change of branch office location","url":"\/6.2-1135\/","token":"6.2\/II\/11\/3\/6.2-1135","metadata":false},{"id":78272,"structure_id":14840,"section_number":"6.2-1136","catch_line":"Remote service units","url":"\/6.2-1136\/","token":"6.2\/II\/11\/3\/6.2-1136","metadata":false},{"id":56733,"structure_id":14840,"section_number":"6.2-1137","catch_line":"Off premises financial services","url":"\/6.2-1137\/","token":"6.2\/II\/11\/3\/6.2-1137","metadata":false},{"id":61335,"structure_id":14840,"section_number":"6.2-1138","catch_line":"Suspension of business during actual or threatened emergency","url":"\/6.2-1138\/","token":"6.2\/II\/11\/3\/6.2-1138","metadata":false}],"next_section":{"id":69733,"structure_id":14840,"section_number":"6.2-1134","catch_line":"Facilities associated with branch office","url":"\/6.2-1134\/","token":"6.2\/II\/11\/3\/6.2-1134","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1133\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 9 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1960, chapter 402; in 1966, chapter 584; in 1970, chapter 397; in 1972, chapter 796; in 1976, chapter 658; in 1978, chapter 683; in 1985, chapter 425; in 1991, chapter 230; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":78272,"section_number":"6.2-1136","catch_line":"Remote service units","order_by":null,"url":"\/6.2-1136\/"},{"id":81364,"section_number":"6.2-1142","catch_line":"Conversion of federal financial institution into state savings institution or state bank","order_by":null,"url":"\/6.2-1142\/"}],"refers_to":false,"permalink":{"id":264241,"object_type":"law","relational_id":68879,"identifier":"6.2-1133","token":"6.2\/II\/11\/3\/6.2-1133","url":"\/6.2-1133\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1133\/","token":"6.2\/II\/11\/3\/6.2-1133","dublin_core":{"Title":"Offices and other facilities of state and foreign savings institutions; approval of branch offices required","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1133","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A state savings institution<\/span> may establish and operate such offices and other facilities as are authorized by its board of directors. A state savings institution<\/span> shall not establish a branch office<\/span> or other office or facility where deposits are accepted without obtaining the prior approval of the Commission<\/span> as provided in subsection B. Prior to establishing or permanently closing any office or other facility, a state association<\/span> shall give at least 30 days’ written notice to the Commissioner<\/span>, in such form as may be prescribed by the Commissioner<\/span>. Prior to establishing, relocating, or permanently closing any office or other facility of the savings bank<\/span> or any of its affiliates, a savings bank<\/span> shall give at least 30 days’ written notice to the Commissioner<\/span>, in such form as may be prescribed by the Commissioner<\/span>. A savings institution shall also give written notice to the Commission<\/span>, in such form as may be prescribed by the Commission<\/span>, within 10 days after it has established or permanently closed an office or other facility, and if the institution is a savings bank<\/span>, it shall give such written notice to the Commission<\/span> within 10 days after it has relocated any such office or other facility. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Applications for authorization to establish a branch office<\/span> or other office or facility where deposits are accepted shall be made in writing, in such form as may be prescribed by the Commission<\/span>. Upon review of a savings institution’s application and any other information that the Commission<\/span> may reasonably require, the Commission<\/span> shall approve the establishment of such office or facility if it is satisfied that the public interest will be served thereby and, if the applicant is a savings bank<\/span>, that it has sufficient capital to warrant additional expansion. Such offices or facilities may be closed without the prior approval of the Commission<\/span>. However, written notice of the closing of such an office shall be given to the Commissioner<\/span> as provided in subsection A. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The requirements of subsections A and B shall also apply to the establishment and closing of the offices of a foreign savings institution<\/span> authorized to transact business in the Commonwealth. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nOFFICES AND OTHER FACILITIES OF STATE AND FOREIGN SAVINGS INSTITUTIONS; APPROVAL\nOF BRANCH OFFICES REQUIRED (\u00a7 6.2-1133)\n\nA. A state savings institution may establish and operate such offices and other\nfacilities as are authorized by its board of directors. A state savings\ninstitution shall not establish a branch office or other office or facility\nwhere deposits are accepted without obtaining the prior approval of the\nCommission as provided in subsection B. Prior to establishing or permanently\nclosing any office or other facility, a state association shall give at least 30\ndays’ written notice to the Commissioner, in such form as may be\nprescribed by the Commissioner. Prior to establishing, relocating, or\npermanently closing any office or other facility of the savings bank or any of\nits affiliates, a savings bank shall give at least 30 days’ written notice\nto the Commissioner, in such form as may be prescribed by the Commissioner. A\nsavings institution shall also give written notice to the Commission, in such\nform as may be prescribed by the Commission, within 10 days after it has\nestablished or permanently closed an office or other facility, and if the\ninstitution is a savings bank, it shall give such written notice to the\nCommission within 10 days after it has relocated any such office or other\nfacility.\n\nB. Applications for authorization to establish a branch office or other office\nor facility where deposits are accepted shall be made in writing, in such form\nas may be prescribed by the Commission. Upon review of a savings\ninstitution’s application and any other information that the Commission\nmay reasonably require, the Commission shall approve the establishment of such\noffice or facility if it is satisfied that the public interest will be served\nthereby and, if the applicant is a savings bank, that it has sufficient capital\nto warrant additional expansion. Such offices or facilities may be closed\nwithout the prior approval of the Commission. However, written notice of the\nclosing of such an office shall be given to the Commissioner as provided in\nsubsection A.\n\nC. The requirements of subsections A and B shall also apply to the establishment\nand closing of the offices of a foreign savings institution authorized to\ntransact business in the Commonwealth.\n\nHISTORY: Code 1950, \u00a7 6-201.41; 1960, c. 402; 1966, c. 584, \u00a7 6.1-171; 1970,\nc. 397; 1972, c. 796, \u00a7 6.1-195.48; 1976, c. 658; 1978, c. 683; 1985, c. 425,\n\u00a7 6.1-194.26; 1991, c. 230, \u00a7 6.1-194.119; 2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}