                                 CODE OF VIRGINIA

NOTICE OF INTENT TO ACQUIRE OUT-OF-STATE BANK (§ 6.2-715)

A Virginia bank holding company or an out-of-state bank holding company that
controls a Virginia bank shall file with the Commission (i) notice of its
intention to acquire a bank outside Virginia and (ii) such information as the
Commission shall request. The Commission shall within 30 days, or an extended
period not exceeding 15 days, disapprove such acquisition if it determines that
the acquisition could affect detrimentally the safety or soundness of a Virginia
bank. It shall approve such acquisition within 45 days if it determines that the
acquisition will not affect detrimentally the safety or soundness of such
Virginia bank.

HISTORY: 1985, c. 544, § 6.1-406; 1994, c. 351, 1996, c. 17; 2010, c. 794.