summary
Introduced
02/03/2026
02/03/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to provide clarity regarding the attestation submitted in response to an interstate bank merger.
AI Summary
This bill clarifies the requirements for out-of-state banks merging with or acquiring West Virginia banks, specifically focusing on the written confirmation needed by the West Virginia Commissioner of Banking. It amends existing law to ensure that an out-of-state bank, as long as it operates a branch in West Virginia, will comply with all state laws, including consumer protection, maintain deposit insurance, and meet capital requirements if it becomes state-chartered. The bill also makes a minor technical correction, changing the reference from "chapter" to "code" when discussing state laws.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
To Banking and Insurance (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=727&year=2026&sessiontype=RS&btype=bill |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb727%20intr.htm&yr=2026&sesstype=RS&i=727 |
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