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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>58856</law_id><section_number>6.2-836</section_number><catch_line>Definitions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>58.1-1201</reference><reference>6.2-803</reference><reference>6.2-832</reference><reference>6.2-849</reference><reference>6.2-885</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Depository Institutions and Trust Organizations</unit><unit label="chapter" level="3" order_by="1" identifier="8">Banks</unit><unit label="article" level="4" order_by="1" identifier="6">Interstate Branching</unit></structure><text>
						<section><p>As used in this article, unless a different meaning is required:
		&#x201C;<span class="dictionary">Acquisition of a branch</span>&#x201D; means the <span class="dictionary">acquisition of a branch</span> located in a <span class="dictionary">host state</span>, without acquiring the bank of such branch.
		&#x201C;Affiliate&#x201D; has the meaning assigned to it in 12 U.S.C. &#xA7;&#xA0;1841 (k) of the <span class="dictionary">Bank Holding Company</span> Act of 1956 (12 U.S.C. &#xA7;&#xA0;1841 et seq.), as amended.
		&#x201C;Bank&#x201D; has the meaning assigned to it in 12 U.S.C. &#xA7;&#xA0;1813 (a) (1) of the Federal Deposit Insurance Company Act of 1956 (12 U.S.C. &#xA7;&#xA0;1811 et seq.), as amended.
		&#x201C;<span class="dictionary">Bank holding company</span>&#x201D; has the meaning assigned to it in 12 U.S.C. &#xA7;&#xA0;1841 (a) of the <span class="dictionary">Bank Holding Company</span> Act of 1956 (12 U.S.C. &#xA7;&#xA0;1841 et seq.), as amended.
		&#x201C;<span class="dictionary">Commercial activities</span>&#x201D; means activities in which a <span class="dictionary">bank holding company</span>, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal <span class="dictionary">law</span>.
		&#x201C;<span class="dictionary">De novo branch</span>&#x201D; means a branch of a bank located in a <span class="dictionary">host state</span> 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, <span class="dictionary">consolidation</span>, or conversion of any such bank or branch.
		&#x201C;Financial holding company&#x201D; has the meaning assigned to it in 12 U.S.C. &#xA7;&#xA0;1841 (p) of the <span class="dictionary">Bank Holding Company</span> Act of 1956 (12 U.S.C. &#xA7;&#xA0;1841 et seq.), as amended.
		&#x201C;Home state&#x201D; means:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> With respect to a national bank, the state in which the main office of the bank is located; <a id="paragraph-215615" class="section-permalink" href="https://vacode.org/6.2-836/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> With respect to a <span class="dictionary">state bank</span>, the state by which the bank is chartered; <a id="paragraph-215616" class="section-permalink" href="https://vacode.org/6.2-836/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> With respect to a foreign bank, the state determined to be the home state of such foreign bank under 12 U.S.C. &#xA7; 3103 (c).
			&#x201C;<span class="dictionary">Host state</span>&#x201D; means a state, other than the home state of a bank, in which the bank maintains, or seeks to establish and maintain, a branch.
			&#x201C;<span class="dictionary">Out-of-state bank</span>&#x201D; means a bank whose home state is a state other than the Commonwealth.
			&#x201C;<span class="dictionary">Out-of-state state bank</span>&#x201D; means a bank chartered under the <span class="dictionary">laws</span> of any state other than the Commonwealth.
			&#x201C;<span class="dictionary">Virginia state bank</span>&#x201D; means a bank chartered under the <span class="dictionary">laws</span> of Virginia. <a id="paragraph-215617" class="section-permalink" href="https://vacode.org/6.2-836/#3"><i class="fa fa-link"/></a></p></section></text><history>1995, c. 301, &#xA7; 6.1-44.2; 2007, c. 1; 2010, c. 794.</history><metadata></metadata></law>
