<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>73045</law_id><section_number>6.2-849</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>6.2-822</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="7">Interstate Bank Mergers</unit></structure><text>
						<section><p>As used in this article, unless a different meaning is required:
		&#x201C;<span class="dictionary">Bank</span>&#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;Home state&#x201D; has the meaning assigned to it in &#xA7;&#xA0;<a class="law" title="Definitions" href="/6.2-836/">6.2-836</a>.
		&#x201C;Host state&#x201D; has the meaning assigned to it in &#xA7;&#xA0;<a class="law" title="Definitions" href="/6.2-836/">6.2-836</a>.
		&#x201C;Interstate merger transaction&#x201D; means:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> The merger or <span class="dictionary">consolidation</span> of <span class="dictionary">banks</span> with different home states, and the conversion of branches of any bank involved in the merger or <span class="dictionary">consolidation</span> to branches of the <span class="dictionary">resulting bank</span>; or <a id="paragraph-263000" class="section-permalink" href="https://vacode.org/6.2-849/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> The purchase of all, or substantially all, of the <span class="dictionary">assets</span> of a bank whose home state is different than the home state of the acquiring bank.
			&#x201C;Out-of-<span class="dictionary">state bank</span>&#x201D; has the meaning assigned to it in &#xA7; <a class="law" title="Definitions" href="/6.2-836/">6.2-836</a>.
			&#x201C;Out-of-state <span class="dictionary">state bank</span>&#x201D; has the meaning assigned to it in &#xA7; <a class="law" title="Definitions" href="/6.2-836/">6.2-836</a>.
			&#x201C;<span class="dictionary">Resulting bank</span>&#x201D; means a bank that has resulted from an interstate merger transaction under this article.
			&#x201C;<span class="dictionary">Virginia bank</span>&#x201D; means a bank whose home state is Virginia.
			&#x201C;Virginia <span class="dictionary">state bank</span>&#x201D; has the meaning assigned to it in &#xA7; <a class="law" title="Definitions" href="/6.2-836/">6.2-836</a>. <a id="paragraph-263001" class="section-permalink" href="https://vacode.org/6.2-849/#2"><i class="fa fa-link"/></a></p></section></text><history>1995, c. 301, &#xA7; 6.1-44.16; 2010, c. 794.</history><metadata></metadata></law>
