As used in this subchapter, unless the context otherwise requires: (1) “Bank subsidiary”, with respect to a specified bank holding company, means: (A) Any bank, twenty-five percent (25%) or more of whose shares, excluding shares owned by the United States or by any company wholly owned by the United States, are owned or controlled by […]
(a) This subchapter shall not apply to shares of any company: (1) Acquired by a bank holding company or by a bank in satisfaction of a debt previously contracted in good faith; (2) Which are held or acquired by a bank in good faith in a fiduciary capacity; or (3) Which are of the kinds […]
(a) Any person who willfully violates any provision of this subchapter or order issued by the Bank Commissioner pursuant to this subchapter or any State Bank Department rule is guilty of a Class A misdemeanor. (b) Any person who willfully participates in a violation of any provision of this subchapter is guilty of a Class […]
The Bank Commissioner is authorized to and shall administer and carry out the provisions of this subchapter and shall issue such rules and orders as may be necessary to discharge this duty and to prevent evasions of this subchapter.
It shall be unlawful for a bank holding company to directly or indirectly own or control more than one (1) bank subsidiary if any such bank subsidiary with its main office in Arkansas has a de novo charter.
(a) A bank holding company is prohibited from acquiring ownership or control of the stock or the assets of any bank that has its main office or any branch office in Arkansas, if, after giving effect to the acquisition of the stock or the assets of that bank, the acquiring bank holding company would own […]
