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2020 West Virginia Code
Chapter 31A. Banks and Banking
Article 8E. Interstate Branching by De Novo Entry and Acquisition of Branches
§31A-8E-3. Interstate Branching by West Virginia State Banks Through De Novo Establishment or Acquisition of Branches in Other States
Universal Citation: WV Code § 31A-8E-3 (2020)
(a) Beginning on May 31, 1997, and pursuant to the procedures and standards established in either section twelve or section twelve-d, article eight of this chapter, any West Virginia state bank may establish and maintain a de novo branch or acquire a branch in a state other than West Virginia, if the new branch is in conformity with, and would be permitted under the laws of the state where the branch is to be located.
(b) A West Virginia state bank desiring to establish and maintain a branch in another state under this section shall file a notice on a form prescribed by the commissioner and pay the branch notice fee set forth in subsection (a), section twelve-d, article eight of this chapter.
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