§31A-8F-19. Change of Control of Foreign Bank
A foreign bank which is licensed to establish and maintain a West Virginia state agency or West Virginia representative office shall file with the commissioner a written notice and request an amended license under section eighteen of this article no later than fourteen calendar days after the foreign bank becomes aware of any acquisition of […]
§31A-8F-20. Relocation of Office; Written Notice Necessary
No foreign bank which is licensed to establish and maintain a West Virginia state agency or West Virginia representative office shall relocate any office unless the foreign bank provides prior written notice to the commissioner and the commissioner has approved such relocation in writing.
§31A-8F-21. Examination; Payment of Fees
(a) A West Virginia state agency or West Virginia representative office shall be subject to examination by the commissioner at intervals and in a manner as he or she shall establish by rule or order. Unless otherwise provided by rule or order the examinations may be conducted annually. (b) In conducting an examination pursuant to […]
§31A-8F-22. Supervision and Enforcement
(a) The commissioner shall have all of the powers granted to him or her by the laws of this state to the extent appropriate to enable him or her to supervise each West Virginia state agency or West Virginia representative office. (b) If, after notice and a hearing, the commissioner finds that any person has […]
§31A-8F-7. Direct Agency Offices of Foreign Banks; Necessity of Licensure
(a) A foreign bank may directly transact certain banking business in this state as permitted under this article upon obtaining a license to establish and maintain a West Virginia state agency office. (b) Subsection (a) of this section does not prohibit: (1) Any foreign bank which establishes and maintains a federal agency or federal branch […]
§31A-8F-8. Application to Establish and Maintain an Agency Office; Contents
A foreign bank seeking to establish and maintain a West Virginia state agency office shall submit an application to the West Virginia board of banking and financial institutions. Such application shall contain: (a) The same information as required by the board of Governors of the federal reserve system for an application to establish an agency […]
§31A-8F-9. Application to Establish and Maintain an Agency Office; Manner of Filing and Determination
(a) A foreign bank making an application under this article for a license to establish and maintain a West Virginia state agency shall deliver to the West Virginia board of banking and financial institutions: (1) At least two duplicate originals of the foreign bank's application on the form prescribed by the board;
§31A-8F-10. No Concurrent Maintenance of Federal Branches or Agencies
(a) No foreign bank which is licensed under this article to establish and maintain a West Virginia state agency shall concurrently maintain a federal branch or federal agency office in this state. (b) No foreign bank which maintains a federal branch or federal agency office in this state shall concurrently be licensed under this article […]
§31A-8F-11. Powers of a Foreign Bank Agency Office
(a) A West Virginia state agency office of a foreign bank established under this article may engage in the business of making loans and guaranteeing obligations for the financing of the international movement of goods and services and for all operational needs including working capital and short-term operating needs and for the acquisition of fixed […]
§31A-8F-12. Representative Office of Foreign Banks; Necessity of Licensure
(a) No foreign bank shall establish or maintain a West Virginia state representative office unless the foreign bank is licensed by the commissioner to maintain a West Virginia representative office. (b) Nothing in subsection (a) of this section shall be deemed to prohibit a foreign bank which maintains a federal agency or federal branch in […]