§ 54C-199 – Title.

54C-199. Title. This Article shall be known and may be cited as the North Carolina Savings Bank Interstate Branch Act. (1993, c. 191, s. 3.)

§ 54C-200 – Definitions.

54C-200. Definitions. As used in this Article, unless the context clearly requires otherwise, the following definitions apply: (1) Repealed by Session Laws 2004-203, s. 35(b), effective August 17, 2004. (2) "Branch" means a full service office of a savings bank through which it renders a savings bank service other than its principal office. A savings […]

§ 54C-201 – Establishment of branches by out-of-state savings banks.

54C-201. Establishment of branches by out-of-state savings banks. Any out-of-state savings bank that meets the requirements of this Article may establish a branch within North Carolina either by (i) de novo entry; (ii) the purchase of an existing branch; (iii) the purchase of all or substantially all of the assets of a State savings bank […]

§ 54C-202 – Application requirements.

54C-202. Application requirements. (a) Any out-of-state savings bank desiring to establish a branch office under this Article shall file with the Commissioner of Banks a written application meeting the following requirements: (1) The out-of-state savings bank shall agree to comply with all the applicable rules and regulations, and informational filing requirements contained in the laws […]

§ 54C-203 – Conditions for approval.

54C-203. Conditions for approval. No application by an out-of-state savings bank received under this Article may be finally approved by the Commissioner of Banks unless: (1) The Commissioner of Banks has received in writing approval of the proposed transaction from the supervisor of the out-of-state savings bank; (2) The supervisor of the out-of-state savings bank […]

§ 54C-204 – Special conditions.

54C-204. Special conditions. (a) The Commissioner of Banks may require an out-of-state savings bank to designate one of its branches in North Carolina as a "headquarters branch" and may, by rule, require that reports, books, and records required of savings banks doing business under this Article be available at the designated headquarters branch. (b) Once […]

§ 54C-205 – Powers.

54C-205. Powers. An out-of-state savings bank that establishes a branch in North Carolina may engage in all the activities authorized by North Carolina law for a State savings bank except to the extent that such activities have been expressly prohibited by the state supervisor of the out-of-state savings bank or the laws of the out-of-state […]

§ 54C-206 – Establishment of out-of-state branches by State savings banks.

54C-206. Establishment of out-of-state branches by State savings banks. With the prior consent of the Commissioner of Banks, any savings bank chartered under the laws of North Carolina may establish a branch in any other state in accordance with the laws of such other state. (1993, c. 191, s. 3; 2001-193, s. 16.)

§ 54C-207 – Regulatory and supervisory oversight.

54C-207. Regulatory and supervisory oversight. (a) The Commissioner of Banks may enter into such agreements as necessary regarding the scope, timing, coordination, and frequency of examinations and other supervisory matters, including the sharing of information gathered in such examinations, with other supervisors and federal savings bank regulators. This authority applies to both out-of-state savings banks […]

§ 54C-208 – Enforcement.

54C-208. Enforcement. (a) Any enforcement authority available to the Commissioner of Banks for use against a State savings bank may, subject to the provisions of Chapter 150B of the General Statutes, be used against a branch established under this Article and against the out-of-state savings bank or its parent holding company establishing such branch. (b) […]

§ 54C-209 – Branch closings.

54C-209. Branch closings. An out-of-state savings bank that is subject to an order or written agreement revoking its authority to establish or maintain a branch in North Carolina and any State savings bank that is subject to an order or written agreement revoking its authority to establish or maintain a branch in another state shall […]

§ 54C-210 – Rules.

54C-210. Rules. The Commission may adopt rules as necessary to carry out the provisions of this Article. (1993, c. 191, s. 3.)

§ 54C-211 – Appeal of Commissioner of Banks' decision.

54C-211. Appeal of Commissioner of Banks’ decision. Any aggrieved party in a proceeding under this Article may, within 30 days after final decision of the Commissioner of Banks, appeal such decision to the Commission. The Commission, within 30 days of receipt of the notice of appeal, shall approve, disapprove, or modify the Commissioner of Banks’ […]

§ 54C-212 – Severability.

54C-212. Severability. If any provision of this Article or the application of such provision to any persons or circumstances is found invalid, the remainder of this Article and its application to persons or circumstances other than those as to which it is held invalid, shall not be affected. (1993, c. 191, s. 3.)