§ 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 As used in this Article, unless the context clearly requires otherwise, the following definitions apply: (1) Repealed by Session Laws 2004-203, s. 35(b), effective August 17, 2004.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-176 – Power to borrow money.
54C-176. Power to borrow money. A savings bank, in its certificate of incorporation or in its bylaws, may authorize the board of directors to borrow money, and the board of directors may, by resolution adopted by a vote of at least two-thirds of the entire board duly recorded in the minutes, authorize the officers of […]
§ 54C-177 – Authority to join federal reserve bank.
54C-177. Authority to join federal reserve bank. A State savings bank may subscribe to the capital stock and become a member of a federal reserve bank. A savings bank shall continue to be subject to the supervision and examination required by the laws of this State, except that the Federal Reserve Board shall have the […]
§ 54C-178 – Regional reciprocal acquisitions.
54C-178. Regional reciprocal acquisitions. State savings banks and holding companies thereof shall have the same powers to acquire and be acquired as State associations and their savings and loan holding companies under Article 3A of Chapter 54B of the General Statutes. For this purpose, the term "association" as used in Article 3A of Chapter 54B […]