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Chapter 18. Interstate Acquisitions of California Financial Code >> Division 1.1. >> Chapter 18.
This chapter does not apply to any of the following
transactions:
(a) An acquisition of control of a California state bank that requires the approval of the commissioner under Chapter 7 (commencing with Section 1250).
(b) A sale or merger that requires the approval of the commissioner under Division 1.6 (commencing with Section 4800).
(a) An acquisition of control of a California state bank that requires the approval of the commissioner under Chapter 7 (commencing with Section 1250).
(b) A sale or merger that requires the approval of the commissioner under Division 1.6 (commencing with Section 4800).
Each application filed with the commissioner for an approval
under this chapter shall be in the form, shall contain the
information, shall be signed in the manner, and shall, if the
commissioner requires by regulation or order, be verified in the
manner that the commissioner may by regulation or order require.
The fee for filing with the commissioner an application for
an approval under this chapter is two thousand five hundred dollars
($2,500).
(a) The definitions that are set forth in or are applicable
to Section 3(d) of the Bank Holding Company Act of 1956 (12 U.S.C.
Sec. 1842(d)) apply to this section.
(b) The commissioner may approve an acquisition by a bank holding company that is subject to Section 3(d)(2)(B) and (D)(ii) of the Bank Holding Company Act of 1956 (12 U.S.C. Sec. 1842(d)(2)(B) and (D) (ii)) if the commissioner finds that the acquisition is consistent with the public convenience and advantage in this state.
(b) The commissioner may approve an acquisition by a bank holding company that is subject to Section 3(d)(2)(B) and (D)(ii) of the Bank Holding Company Act of 1956 (12 U.S.C. Sec. 1842(d)(2)(B) and (D) (ii)) if the commissioner finds that the acquisition is consistent with the public convenience and advantage in this state.
(a) The definitions that are set forth in or are applicable
to Section 44 of the Federal Deposit Insurance Act (12 U.S.C. Sec.
1831u) apply to this section.
(b) This section does not apply if each bank involved in an interstate merger transaction (including each insured depository institution that is an affiliate of the surviving, resulting, or purchasing bank) that is organized under the laws of this state or that maintains a branch office in this state, is an industrial loan company (as defined in Section 4805.10).
(c) The commissioner may approve an interstate merger transaction that is subject to Section 44(b)(2)(B) and (D)(ii) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831u(b)(2)(B) and (D)(ii)) if the commissioner finds that the transaction is consistent with the public convenience and advantage in this state.
(b) This section does not apply if each bank involved in an interstate merger transaction (including each insured depository institution that is an affiliate of the surviving, resulting, or purchasing bank) that is organized under the laws of this state or that maintains a branch office in this state, is an industrial loan company (as defined in Section 4805.10).
(c) The commissioner may approve an interstate merger transaction that is subject to Section 44(b)(2)(B) and (D)(ii) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831u(b)(2)(B) and (D)(ii)) if the commissioner finds that the transaction is consistent with the public convenience and advantage in this state.
