Texas Finance Code
§ 202.001 — ACQUISITION OF BANK OR BANK HOLDING COMPANY
FI § 202.001Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part G. BANK HOLDING COMPANIES; INTERSTATE BANK OPERATIONS · Ch. 202. BANK HOLDING COMPANIES
Statute text
View on source(a)This section applies to a company intending to acquire a Texas bank holding company or a Texas bank. For purposes of this section, a Texas bank holding company does not include a bank holding company of which the only subsidiaries are state savings banks. (a-1) A company described by Subsection (a) shall submit to the commissioner a copy of the application for approval or notice submitted to the Board of Governors of the Federal Reserve System under Section 3, Bank Holding Company Act (12 U.S.C. Section 1842). The copy must be:
(1)submitted to the commissioner when the application is submitted to the board of governors;
(2)accompanied by any additional information required under Subsection (b); and
(3)accompanied by any filing fee required by law.
(b)An applicant or notificant that is an out-of-state bank holding company shall provide satisfactory evidence to the commissioner of compliance with or inapplicability of:
(1)the requirements of Section 202.003; and
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Legislative history
Acts 2017, 85th Leg., R.S., Ch. 915 (S.B. 1400), Sec. 3, eff. September 1, 2017.