HB 1753 Banking; interstate branching and mergers.
W. W. Bennett, Jr. | all patrons    ...    notes
| add to my profiles

Summary:
Banking; interstate branching and mergers. Permits Virginia to “opt-in” to interstate branch banking as authorized by the federal Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. This bill (i) allows for an out-of-state domiciled bank to establish branches in Virginia, provided such other state authorizes Virginia banks to establish branches within its borders (i.e., reciprocity), (ii) permits banks to consolidate multi-state operations into one bank, (iii) limits the powers of out-of-state domiciled banks to those permitted Virginia-domiciled banks, (iv) authorizes the State Corporation Commission's Bureau of Financial Institutions to enter into cooperative agreements with other state regulators for the examination and supervision of the other's out-of-state operations and (v) makes technical changes.

Full text:
01/18/95  House: Presented & ordered printed LD4711128  pdf
01/31/95  House: Committee substitute printed LD2093128-H1  pdf
02/21/95  House: Bill text as passed House and Senate (HB1753ER)  pdf
03/21/95  Governor: Acts of Assembly Chapter text (CHAP0301)  pdf

Status:
01/18/95  House: Presented & ordered printed LD4711128
01/18/95  House: Referred to Committee on Corporations, Insurance and Banking
01/31/95  House: Reported from C. I. B. w/sub. (22-Y 0-N)
01/31/95  House: Committee substitute printed LD2093128-H1
02/01/95  House: Read first time
02/02/95  House: Read second time
02/02/95  House: Committee substitute agreed to LD2093128-H1
02/02/95  House: Engrossed by House - com. sub. LD2093128-H1
02/03/95  House: Read third time and passed House (Block Vote) (100-Y 0-N)
02/03/95  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
02/03/95  House: Communicated to Senate
02/06/95  Senate: Read first time
02/06/95  Senate: Referred to Committee on Commerce and Labor
02/13/95  Senate: Reported from Commerce and Labor (15-Y 0-N)
02/14/95  Senate: Constitutional reading dispensed (39-Y 0-N)
02/14/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/15/95  Senate: Read third time
02/15/95  Senate: Passed Senate (40-Y 0-N)
02/15/95  Senate: VOTE: PASSAGE (40-Y 0-N)
02/21/95  House: Bill text as passed House and Senate (HB1753ER)
02/24/95  House: Enrolled
02/25/95  House: Signed by Speaker
02/25/95  Senate: Signed by President
03/16/95  Governor: Approved by Governor-Chapter 301 (effective 7/1/95)
03/21/95  Governor: Acts of Assembly Chapter text (CHAP0301)