Nevada § 666.125 Approval required before acquisition of bank; application; considerations

Nevada Statutes

§ 666.125 — Approval required before acquisition of bank; application; considerations

Nevada § 666.125

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 666Major

BANK HOLDING COMPANIES

This text of Nevada § 666.125 (Approval required before acquisition of bank; application; considerations) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 666.125 (2026).

Text

1. A bank holding company must receive the approval of the Commissioner before acquiring a bank. 2. The application for approval must include such information with respect to the financial condition, operations, management and intercompany relationships of the bank which is to be acquired and the bank holding company as the Commissioner may deem necessary or appropriate. 3. In considering the application for approval, the Commissioner shall consider:

(a)The financial condition of the bank holding company and any banks owned by it;

(b)The probable effect of the acquisition on:

(1)The bank holding company;

(2)Any banks owned by the bank holding company; and

(3)The bank which is to be acquired; and

(c)The effect of the acquisition upon competition in banking.

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1. A bank holding company must receive the approval of the Commissioner before acquiring a bank.
2. The application for approval must include such information with respect to the financial condition, operations, management and intercompany relationships of the bank which is to be acquired and the bank holding company as the Commissioner may deem necessary or appropriate.
3. In considering the application for approval, the Commissioner shall consider:
(a) The financial condition of the bank holding company and any banks owned by it;
(b) The probable effect of the acquisition on:
(1) The bank holding company;
(2) Any banks owned by the bank holding company; and
(3) The bank which is to be acquired; and
(c) The effect of the acquisition upon competition in banking.