Terms Used In Virginia Code > Title 16.1 > Chapter 5

• Acquisition of a branch: means the acquisition of a branch located in a host state, without acquiring the bank of such branch. See Virginia Code 6.2-836
• Affiliate: has the meaning assigned to it in 12 U. See Virginia Code 6.2-836
• Bank: has the meaning assigned to it in 12 U. See Virginia Code 6.2-836
• Commercial activities: means activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal law. See Virginia Code 6.2-836
• De novo branch: means a branch of a bank located in a host state 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, consolidation, or conversion of any such bank or branch. See Virginia Code 6.2-836
• Home state: means :

  1. See Virginia Code 6.2-836

• Host state: means a state, other than the home state of a bank, in which the bank maintains, or seeks to establish and maintain, a branch. See Virginia Code 6.2-836
• Oath: includes affirmation. See Virginia Code 2.2-1120
• Out-of-state bank: means a bank whose home state is a state other than the Commonwealth. See Virginia Code 6.2-836
• Out-of-state state bank: means a bank chartered under the laws of any state other than the Commonwealth. See Virginia Code 6.2-836
• Virginia state bank: means a bank chartered under the laws of Virginia. See Virginia Code 6.2-836