Covered interstate branch

Covered interstate branch means:
(1) Any branch of a national bank or savings association, and any Federal branch of a foreign bank or savings association, that:
(i) Is established or acquired outside the bank's or savings association'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
(ii) Could not have been established or acquired outside of the bank's or savings association's home State but for the establishment or acquisition of a branch described in paragraph (b)(1)(i) of this section; and
(2) Any bank or savings association or branch of a bank or savings association controlled by an out-of-State bank or savings association holding company.

Source

12 CFR § 25.62

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Scoping language

For purposes of this subpart, the following definitions apply:

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