{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-831.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-831.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-831.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-831.html"}],"law_id":58574,"edition_id":1,"section_id":58574,"structure_id":15384,"section_number":"6.2-831","catch_line":"Establishment of branch banks; redesignation of main office","history":"Code 1950, \u00a7 6-29; 1966, c. 584, \u00a7 6.1-113; 1986, c. 505, \u00a7 6.1-39.3; 1987, cc. 352, 556; 1991, c. 322; 1992, c. 136; 1994, c. 7; 1996, c. 26; 1999, c. 545; 2007, c. 1; 2010, c. 794; 2015, cc. 19, 445.","full_text":"A\n\nA bank may establish and operate one or more branch offices, and a bank may relocate a main or branch office, provided the bank applies to the Commission for authority to establish or relocate any such office. Applications shall be made in writing on a form prescribed by the Commission and shall be accompanied by the fee established pursuant to § 6.2-908. As used in this section, “branch office” does not include any automated teller machine, cash-dispensing machine, or similar electronic or computer terminal, regardless of whether it (i) is located on bank premises or premises properly considered part of an authorized office of the bank or (ii) receives or records deposits, disburses loan proceeds, or provides for electronic fund transfers.B\n\nThe Commission shall have 30 days from the date it receives a complete application in which to review a branch proposal or a proposed relocation. The review period may be extended for an additional 30 days. The Commission may deny such an application if the Commission finds that a proposal would have a detrimental effect on the applicant bank’s safety and soundness or that it is otherwise not in the public interest. A branch office that has been denied shall not be established and a relocation that has been denied shall not be carried out. If the Commission does not issue a denial of a branch proposal or a proposed relocation within 30 days, or 60 days if the review period is extended, the proposed branch office or offices, or the proposed relocation, shall be authorized, and the branch or branches may be established and operated, or the relocation may be completed.C\n\nThe office at which a bank begins business shall be designated initially as its main office. Thereafter, the board of directors may redesignate as the main office any authorized office of the bank in the Commonwealth. The bank shall notify the Commission of any such redesignation not later than 30 days before its effective date and confirm the redesignation to the Commission within 10 days of its occurrence.D\n\nA bank shall be subject to the prohibition in § 6.2-842 against establishing or maintaining a branch in the Commonwealth on the premises or property of an affiliate if the affiliate engages in commercial activities.E\n\nThe Commission may impose a civil penalty not exceeding $2,000 upon any bank that it determines, in proceedings commenced in accordance with the Commission’s Rules, has violated the provisions of this section.","order_by":null,"text":{"0":{"id":214664,"text":"A bank may establish and operate one or more branch offices, and a bank may relocate a main or branch office, provided the bank applies to the Commission for authority to establish or relocate any such office. Applications shall be made in writing on a form prescribed by the Commission and shall be accompanied by the fee established pursuant to § 6.2-908. As used in this section, “branch office” does not include any automated teller machine, cash-dispensing machine, or similar electronic or computer terminal, regardless of whether it (i) is located on bank premises or premises properly considered part of an authorized office of the bank or (ii) receives or records deposits, disburses loan proceeds, or provides for electronic fund transfers.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":214665,"text":"The Commission shall have 30 days from the date it receives a complete application in which to review a branch proposal or a proposed relocation. The review period may be extended for an additional 30 days. The Commission may deny such an application if the Commission finds that a proposal would have a detrimental effect on the applicant bank’s safety and soundness or that it is otherwise not in the public interest. A branch office that has been denied shall not be established and a relocation that has been denied shall not be carried out. If the Commission does not issue a denial of a branch proposal or a proposed relocation within 30 days, or 60 days if the review period is extended, the proposed branch office or offices, or the proposed relocation, shall be authorized, and the branch or branches may be established and operated, or the relocation may be completed.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":214666,"text":"The office at which a bank begins business shall be designated initially as its main office. Thereafter, the board of directors may redesignate as the main office any authorized office of the bank in the Commonwealth. The bank shall notify the Commission of any such redesignation not later than 30 days before its effective date and confirm the redesignation to the Commission within 10 days of its occurrence.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":214667,"text":"A bank shall be subject to the prohibition in § 6.2-842 against establishing or maintaining a branch in the Commonwealth on the premises or property of an affiliate if the affiliate engages in commercial activities.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":214668,"text":"The Commission may impose a civil penalty not exceeding $2,000 upon any bank that it determines, in proceedings commenced in accordance with the Commission’s Rules, has violated the provisions of this section.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":15384,"edition_id":1,"name":"Branches and Facilities","identifier":"5","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:54:29","date_modified":"2026-06-26 03:54:29","permalink":{"id":265479,"object_type":"structure","relational_id":15384,"identifier":"5","token":"6.2\/II\/8\/5","url":"\/6.2\/II\/8\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13791,"edition_id":1,"name":"Banks","identifier":"8","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:53","date_modified":"2026-06-26 03:45:53","permalink":{"id":265065,"object_type":"structure","relational_id":13791,"identifier":"8","token":"6.2\/II\/8","url":"\/6.2\/II\/8\/","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":58574,"structure_id":15384,"section_number":"6.2-831","catch_line":"Establishment of branch banks; redesignation of main office","url":"\/6.2-831\/","token":"6.2\/II\/8\/5\/6.2-831","metadata":false},{"id":65197,"structure_id":15384,"section_number":"6.2-832","catch_line":"Establishment of automated teller machines and electronic terminals","url":"\/6.2-832\/","token":"6.2\/II\/8\/5\/6.2-832","metadata":false},{"id":81062,"structure_id":15384,"section_number":"6.2-833","catch_line":"Bank agent for depository institution","url":"\/6.2-833\/","token":"6.2\/II\/8\/5\/6.2-833","metadata":false},{"id":63819,"structure_id":15384,"section_number":"6.2-834","catch_line":"Operation of branch office under different name; civil penalty","url":"\/6.2-834\/","token":"6.2\/II\/8\/5\/6.2-834","metadata":false},{"id":59694,"structure_id":15384,"section_number":"6.2-835","catch_line":"Banking facilities in certain hospitals or federal areas","url":"\/6.2-835\/","token":"6.2\/II\/8\/5\/6.2-835","metadata":false}],"next_section":{"id":65197,"structure_id":15384,"section_number":"6.2-832","catch_line":"Establishment of automated teller machines and electronic terminals","url":"\/6.2-832\/","token":"6.2\/II\/8\/5\/6.2-832","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-831\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 11 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 1966, chapter 584; in 1986, chapter 505; in 1987, chapters 352 and 556; in 1991, chapter 322; in 1992, chapter 136; in 1994, chapter 7<\/a>; in 1996, chapter 26<\/a>; in 1999, chapter 545<\/a>; in 2007, chapter 1<\/a>; in 2010, chapter 794<\/a>; in 2015, chapters 19<\/a> and 445<\/a>.<\/p>","references":[{"id":61502,"section_number":"6.2-1055","catch_line":"Trust offices","order_by":null,"url":"\/6.2-1055\/"},{"id":67901,"section_number":"6.2-804","catch_line":"Amendment of powers of state banks by regulation of the Commission","order_by":null,"url":"\/6.2-804\/"},{"id":62085,"section_number":"6.2-908","catch_line":"Fees for supervision and regulation and for certain examinations and investigations","order_by":null,"url":"\/6.2-908\/"}],"refers_to":[{"id":79695,"section_number":"6.2-842","catch_line":"Powers","order_by":null,"url":"\/6.2-842\/"},{"id":62085,"section_number":"6.2-908","catch_line":"Fees for supervision and regulation and for certain examinations and investigations","order_by":null,"url":"\/6.2-908\/"}],"permalink":{"id":265481,"object_type":"law","relational_id":58574,"identifier":"6.2-831","token":"6.2\/II\/8\/5\/6.2-831","url":"\/6.2-831\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-831\/","token":"6.2\/II\/8\/5\/6.2-831","dublin_core":{"Title":"Establishment of branch banks; redesignation of main office","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-831","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A bank<\/span> may establish and operate one or more branch offices, and a bank<\/span> may relocate a main or branch office, provided the bank<\/span> applies to the Commission<\/span> for authority to establish or relocate any such office. Applications shall be made in writing on a form prescribed by the Commission<\/span> and shall be accompanied by the fee established pursuant to § 6.2-908<\/a>. As used in this section, “branch office” does not include any automated teller machine, cash-dispensing machine, or similar electronic or computer terminal, regardless of whether it (i) is located on bank<\/span> premises or premises properly considered part of an authorized office of the bank<\/span> or (ii) receives or records deposits, disburses loan proceeds, or provides for electronic fund transfers. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Commission<\/span> shall have 30 days from the date it receives a complete application in which to review a branch proposal or a proposed relocation. The review period may be extended for an additional 30 days. The Commission<\/span> may deny such an application if the Commission<\/span> finds that a proposal would have a detrimental effect on the applicant bank<\/span>’s safety and soundness or that it is otherwise not in the public interest. A branch office that has been denied shall not be established and a relocation that has been denied shall not be carried out. If the Commission<\/span> does not issue<\/span> a denial of a branch proposal or a proposed relocation within 30 days, or 60 days if the review period is extended, the proposed branch office or offices, or the proposed relocation, shall be authorized, and the branch or branches may be established and operated, or the relocation may be completed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The office at which a bank<\/span> begins business shall be designated initially as its main office. Thereafter, the board of directors may redesignate as the main office any authorized office of the bank<\/span> in the Commonwealth. The bank<\/span> shall notify the Commission<\/span> of any such redesignation not later than 30 days before its effective date and confirm the redesignation to the Commission<\/span> within 10 days of its occurrence. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> A bank<\/span> shall be subject to the prohibition in § 6.2-842<\/a> against establishing or maintaining a branch in the Commonwealth on the premises or property of an affiliate if the affiliate engages in commercial activities. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The Commission<\/span> may impose a civil penalty<\/span> not exceeding $2,000 upon any bank<\/span> that it determines, in proceedings commenced in accordance with the Commission<\/span>’s Rules, has violated the provisions of this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nESTABLISHMENT OF BRANCH BANKS; REDESIGNATION OF MAIN OFFICE (\u00a7 6.2-831)\n\nA. A bank may establish and operate one or more branch offices, and a bank may\nrelocate a main or branch office, provided the bank applies to the Commission\nfor authority to establish or relocate any such office. Applications shall be\nmade in writing on a form prescribed by the Commission and shall be accompanied\nby the fee established pursuant to § 6.2-908. As used in this section,\n“branch office” does not include any automated teller machine,\ncash-dispensing machine, or similar electronic or computer terminal, regardless\nof whether it (i) is located on bank premises or premises properly considered\npart of an authorized office of the bank or (ii) receives or records deposits,\ndisburses loan proceeds, or provides for electronic fund transfers.\n\nB. The Commission shall have 30 days from the date it receives a complete\napplication in which to review a branch proposal or a proposed relocation. The\nreview period may be extended for an additional 30 days. The Commission may deny\nsuch an application if the Commission finds that a proposal would have a\ndetrimental effect on the applicant bank’s safety and soundness or that it\nis otherwise not in the public interest. A branch office that has been denied\nshall not be established and a relocation that has been denied shall not be\ncarried out. If the Commission does not issue a denial of a branch proposal or a\nproposed relocation within 30 days, or 60 days if the review period is extended,\nthe proposed branch office or offices, or the proposed relocation, shall be\nauthorized, and the branch or branches may be established and operated, or the\nrelocation may be completed.\n\nC. The office at which a bank begins business shall be designated initially as\nits main office. Thereafter, the board of directors may redesignate as the main\noffice any authorized office of the bank in the Commonwealth. The bank shall\nnotify the Commission of any such redesignation not later than 30 days before\nits effective date and confirm the redesignation to the Commission within 10\ndays of its occurrence.\n\nD. A bank shall be subject to the prohibition in § 6.2-842 against\nestablishing or maintaining a branch in the Commonwealth on the premises or\nproperty of an affiliate if the affiliate engages in commercial activities.\n\nE. The Commission may impose a civil penalty not exceeding $2,000 upon any bank\nthat it determines, in proceedings commenced in accordance with the\nCommission’s Rules, has violated the provisions of this section.\n\nHISTORY: Code 1950, \u00a7 6-29; 1966, c. 584, \u00a7 6.1-113; 1986, c. 505, \u00a7\n6.1-39.3; 1987, cc. 352, 556; 1991, c. 322; 1992, c. 136; 1994, c. 7; 1996, c.\n26; 1999, c. 545; 2007, c. 1; 2010, c. 794; 2015, cc. 19, 445.","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}}