§ 383-B:10-1002 — Interstate Acquisition of a Bank by a Bank Holding Company

New Hampshire § 383-B:10-1002

• Jurisdiction: New Hampshire
• Title XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
• Ch. 383-B: DEPOSITORY BANK ACT
• Subdivision: ARTICLE 10Interstate Banking

Text

(a) A New Hampshire bank holding company may directly or indirectly acquire a foreign bank holding company or a foreign bank.
(b) A foreign bank holding company may directly or indirectly acquire a New Hampshire bank holding company, a depository bank, or a national bank or a federal savings bank having its principal place of business in New Hampshire. A foreign bank holding company may also organize, and be the sole incorporator of, a depository bank. No direct or indirect acquisition of a depository bank shall be permitted which will result in a violation of the deposit limitation contained in RSA 383-B:9-906 and 907.
(c) A New Hampshire bank holding company or a foreign bank holding company engaging in an acquisition under subsection (a) or (b) of this section shall apply to the commissioner for approval of the proposed acquisition as required under RSA 383-A:6-602 and file with the commissioner a copy of each application or notice filed with federal or other state regulatory authorities relating to the acquisition at the same time such application or notice is filed with such federal or other state regulatory authorities. If permitted by the commissioner under RSA 383-A:6-604, the bank holding company may complete the acquisition, subject to federal and other state approvals.

Legislative History

2015, 272:16, eff. Oct. 1, 2015.