Washington Code 30A.38.010 – Out-of-state bank may engage in banking in this state — Conditions — Director’s approval of interstate combination
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(1) An out-of-state bank may engage in banking in this state without violating RCW 30A.04.280 only if the conditions and filing requirements of this chapter are met and the bank was lawfully engaged in banking in this state on July 22, 2010, or the bank’s in-state banking activities:
Terms Used In Washington Code 30A.38.010
- Bank: means any national bank, state bank, and district bank, as those terms are defined in 12 U. See Washington Code 30A.38.005
- Branch: means an office of a bank through which it receives deposits, other than its principal office. See Washington Code 30A.38.005
- Interstate combination: means the:
Washington Code 30A.38.005National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC Out-of-state bank: means a bank whose home state is a state other than Washington. See Washington Code 30A.38.005 State: means any state of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands. See Washington Code 30A.38.005
(b) Resulted from a relocation of a head office of a state bank pursuant to 12 U.S.C. § 30 and RCW 30A.04.215(3);
(d) Resulted from the establishment of a branch of a savings bank in compliance with RCW 32.04.030(6); or
(e) Resulted from interstate branching under RCW 30A.38.015.
Nothing in this section affects the authorities of alien banks as defined by RCW 30A.42.020 to engage in banking within this state.
(2) The director, consistent with 12 U.S.C. § 1831u(b)(2)(D), may approve an interstate combination if the standard on which the approval is based does not discriminate against out-of-state banks, out-of-state bank holding companies, or subsidiaries of those banks or holding companies.
NOTES:
Effective date—2005 c 348: See note following RCW 30A.38.005.