§ 53-209 – Title.

53-209. Title. This Article shall be known and may be cited as the North Carolina Reciprocal Interstate Banking Act. (1983 (Reg. Sess., 1984), c. 1113, s. 1; 1993, c. 175, s. 7; 1993 (Reg. Sess., 1994), c. 599, s. 1.)

§ 53-210 – Definitions.

53-210. Definitions. Notwithstanding any other section of this Chapter, for the purposes of this Article: (1) "Acquire" means: a. The merger or consolidation of one bank holding company with another bank holding company; b. The acquisition by a bank holding company of direct or indirect ownership or control of voting shares of another bank holding […]

§ 53-211 – Acquisitions by out-of-state bank holding companies.

53-211. Acquisitions by out-of-state bank holding companies. (a) An out-of-state bank holding company that does not have a North Carolina bank subsidiary, other than a North Carolina bank subsidiary that was acquired in a transaction involving assistance by the Federal Deposit Insurance Corporation or in the regular course of securing or collecting a debt previously […]

§ 53-212.1 – Bank agent for deposit institution affiliate.

53-212.1. Bank agent for deposit institution affiliate. A bank may act as the agent of any depository institution affiliate in receiving deposits, renewing time deposits, closing loans, servicing loans, and receiving payments on loans and other obligations, without being deemed a branch of such affiliate, in accordance with Section 101(d) of the Reigle-Neal Interstate Banking […]

§ 53-213 – Prohibitions.

53-213. Prohibitions. (a) Except as expressly permitted by this Article or by federal law, no out-of-state bank holding company shall acquire a North Carolina bank holding company or a North Carolina bank. (b) Repealed by Session Laws 1993, c. 175, s. 11. (1983 (Reg. Sess., 1984), c. 1113, s. 1; 1993, c. 175, s. 11; […]

§ 53-214 – Applicable laws, rules and regulations.

53-214. Applicable laws, rules and regulations. (a) Any North Carolina bank that is controlled by a bank holding company that is not a North Carolina bank holding company shall be subject to all laws of this State and all rules and regulations under such laws that are applicable to North Carolina banks that are controlled […]

§ 53-215 – Appeal of Commissioner's decision.

53-215. Appeal of Commissioner’s decision. Any aggrieved party in a proceeding under G.S. 53-211, 53C-10-102, or 53C-10-201 may, within 20 days after final decision of the Commissioner, appeal in writing any decision to the State Banking Commission. An appeal under this section shall be made pursuant to G.S. 53C-2-6. Notwithstanding any other provision of law, […]

§ 53-216 – Periodic reports; interstate agreements.

53-216. Periodic reports; interstate agreements. The Commissioner may from time to time require reports under oath in such scope and detail as he may reasonably determine of each out-of-state bank holding company subject to this Article for the purpose of assuring continuing compliance with the provisions of this Article. The Commissioner may enter into cooperative […]

§ 53-217 – Enforcement.

53-217. Enforcement. The Commissioner shall have the power to enforce the provisions of this Article through an action in any court of this State or any other state or in any court of the United States, as provided in G.S. 53C-8-12, for the purpose of obtaining an appropriate remedy for violation of any provision of […]

§ 53-218 – Nonseverability.

53-218. Nonseverability. It is the purpose of this Article 17 to facilitate orderly development within North Carolina of banking organizations that have banking offices in more than one state. It is not the purpose of this Article to authorize acquisitions of North Carolina bank holding companies or North Carolina banks by bank holding companies that […]