§ 45-2-1404. Acquisition by Holding Company Prohibited
A bank or bank holding company shall be prohibited from acquiring any bank in Tennessee if the bank or bank holding company, including all insured depository institutions that are affiliates of the bank or bank holding company, upon consummation of the acquisition, would control thirty percent (30%) or more of the total amount of the […]
§ 45-2-1405. Power of Commissioner
The commissioner has the power to establish rules and regulations to carry out the legislative purposes of this part.
§ 45-2-1406. [reserved.]
An out-of-state state bank that establishes and maintains one (1) or more branches in Tennessee under this part may conduct any activities at the branch or branches that are authorized under the laws of this state for Tennessee state banks. Notwithstanding any other state law to the contrary and in addition to any other activities […]
§ 45-2-1408. Examinations — Periodic Reports — Cooperative Agreements — Assessment of Fees
To the extent consistent with subsection (c), the commissioner may make the examinations of any branch established and maintained in this state pursuant to this part by an out-of-state state bank that the commissioner deems necessary to determine whether the branch is being operated in compliance with the laws of this state and in accordance […]
§ 45-2-1409. Notice and Filing Requirements
Any out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving a Tennessee state bank shall notify the commissioner of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank supervisory agency, and shall submit a […]
§ 45-2-1410. Notice of Subsequent Merger
Each out-of-state state bank that has established and maintains a branch in this state pursuant to this part shall give at least thirty (30) days’ prior written notice to the commissioner of any merger, consolidation, or other transaction that would cause a change of control with respect to the bank or any bank holding company […]
§ 45-2-1411. Enforcement
If the commissioner determines that a branch maintained by an out-of-state state bank or a trust office maintained by an out-of-state trust institution in this state is being operated in violation of any provision of the laws of this state, or is being operated in an unsafe and unsound manner, the commissioner shall have the […]
§ 45-2-1412. Acquisition of Branch by Out-of-State Bank
An out-of-state bank that does not already maintain a branch in Tennessee and that meets the requirements of this title may establish and maintain a branch in Tennessee through the acquisition of a branch or establishment of a de novo branch. [Deleted by 2020 amendment.] No bank or out-of-state bank may establish or maintain a […]
§ 45-2-1402. Part Definitions
As used in this part, unless the context otherwise requires: “Acquisition of a branch” means the acquisition of all or substantially all of the assets other than loans, cash or securities and the assumption of all or substantially all of the liabilities of or related to a branch that has been open and engaged in […]
§ 45-2-1403. Prohibition Against Acquiring Shares of Bank in Operation Less Than Three (3) Years — Exceptions
Except as otherwise provided in subsection (b): No bank holding company acting directly or indirectly shall acquire control of, merge, or consolidate with a Tennessee bank that has not been in operation for at least three (3) years; and No out-of-state bank acting directly or indirectly shall acquire control of, merge, or consolidate with a […]