Bank

(1) Bank means, unless the context indicates otherwise: (i) A State member bank as that term is defined in 12 U.S.C. 1813(d)(2); and (ii) A foreign bank as that term is defined in 12 U.S.C. 3101(7) and 12 CFR 211.21. (2) Covered interstate branch means: (i) Any branch of a State member bank, and any uninsured branch of a foreign bank licensed by a State, that: (A) Is established or acquired outside the bank's home State pursuant to the interstate branching authority granted by the Interstate Act or by any amendment made by the Interstate Act to any other provision of law; or (B) Could not have been established or acquired outside of the bank's home State but for the establishment or acquisition of a branch described in paragraph (b)(2)(i) of this section; and (ii) Any bank or branch of a bank controlled by an out-of-State bank holding company. (3) Home State means: (i) With respect to a State bank, the State that chartered the bank; (ii) With respect to a national bank, the State in which the main office of the bank is located; (iii) With respect to a bank holding company, the State in which the total deposits of all banking subsidiaries of such company are the largest on the later of: (A) July 1, 1966; or (B) The date on which the company becomes a bank holding company under the Bank Holding Company Act. (iv) With respect to a foreign bank: (A) For purposes of determining whether a U.S. branch of a foreign bank is a covered interstate branch, the home State of the foreign bank as determined in accordance with 12 U.S.C. 3103(c) and 12 CFR 211.22; and (B) For purposes of determining whether a branch of a U.S. bank controlled by a foreign bank is a covered interstate branch, the State in which the total deposits of all banking subsidiaries of such foreign bank are the largest on the later of:

Source

12 CFR § 208.7


Scoping language

None
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