Georgia § 7-1-628-9 Establishment of out-of-state bank branches through acquisition

Georgia Statutes

§ 7-1-628-9 — Establishment of out-of-state bank branches through acquisition

(a)An out-of-state bank that does not have a branch in Georgia and whose deposits are federally insured may, upon obtaining the necessary approvals from its home state regulator, establish and maintain a branch in this state through the acquisition of a branch.

(b)A Georgia state bank may establish and maintain a branch in another state through the acquisition of a branch in compliance with the provisions of this article, including, but not limited to, obtaining approval from the department prior to acquiring the branch.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) An out-of-state bank that does not have a branch in Georgia and whose deposits are federally insured may, upon obtaining the necessary approvals from its home state regulator, establish and maintain a branch in this state through the acquisition of a branch. (b) A Georgia state bank may establish and maintain a branch in another state through the acquisition of a branch in compliance with the provisions of this article, including, but not limited to, obtaining approval from the department prior to acquiring the branch.

Georgia § 7-1-628-9 (Establishment of out-of-state bank branches through acquisition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.