                                 CODE OF VIRGINIA

EXAMINATIONS OF OUT-OF-STATE BANK HOLDING COMPANIES AND SUBSIDIARIES; REPORTS;
JOINT ACTIONS (§ 6.2-714)

A. The Commission shall have the authority to examine any out-of-state bank
holding company owning a Virginia bank and each of its Virginia or non-Virginia
bank or nonbank subsidiaries.

B. The Commission shall require reports of each out-of-state bank holding
company subject to this chapter. Such reports shall be filed under oath with
such frequency and in such scope and detail as may be appropriate for the
purpose of assuring continuing compliance with the provisions of this chapter.

C. The Commission may enter into joint actions with other regulatory authorities
having concurrent jurisdiction over any out-of-state bank holding company that
has a Virginia bank subsidiary or may take such actions independently to carry
out its responsibilities under this chapter, assure the safety and soundness of
any Virginia banks, and assure compliance with the provisions of this chapter
and the applicable banking laws of the Commonwealth.

HISTORY: 1985, c. 544, § 6.1-404; 1994, c. 351; 2010, c. 794.