North Carolina General Statutes Chapter 53. Regulation of Financial Services § 53-210. Definitions

(1) “Acquire” means:

(2) “Bank” has the meaning set forth in Section 2(c) of the Bank Holding Company Act of 1956 as amended (12 U.S.C. 1841(c)).

(3) “Banking office” means the principal office of a bank, any branch of a bank, any limited service facility of a bank or any other office at which a bank accepts deposits: Provided, however, that “banking office” shall not mean:

(4) “Bank holding company” has the meaning set forth in Section 2(a)(1) of the Bank Holding Company Act of 1956 as amended (12 U.S.C. 1841(a)(1)).

(5) “Commissioner” means the Commissioner of Banks of this State.

(6) “Control” has the meaning set forth in Section 2(a)(2) of the Bank Holding Company Act of 1956 as amended (12 U.S.C. 1841(a)(2)).

(7) “Deposits” means all demand, time, and savings deposits, without regard to the location of the depositor. For purposes of this Article, determination of deposits shall be made with reference to the most recent available regulatory reports of condition or similar reports made by or to state and federal regulatory authorities.

(8) “North Carolina bank” means a bank that:

(9) “North Carolina bank holding company” means a bank holding company:

(9a) “Out-of-state bank holding company” means a bank holding company that has its principal place of business in a state other than North Carolina.

(10) “Principal place of business” of a bank holding company means the state in which the total deposits held by the banking offices of the bank holding company's bank subsidiaries were the largest on July 1, 1966, or the date on which the company became a bank holding company, whichever is later.

(11) to (13) Repealed by Laws 1993, c. 175, § 8, eff. July 1, 1996.

(14) “State” means any state of the United States or the District of Columbia.

(15) “Subsidiary” has the meaning set forth in Section 2(d) of the Bank Holding Company Act of 1956 as amended (12 U.S.C. 1841(d)).