WV HB2790

Allows West Virginia-chartered banks operating solely within the state to merge with other state-chartered banks, savings banks, savings and loan associations, or other entities, subject to commissioner approval

Permits state-chartered banks to sell or transfer all or substantially all assets, liabilities, and businesses to other West Virginia-chartered financial institutions with commissioner approval

Requires the surviving institution in any merger to be insured by the Federal Deposit Insurance Corporation and maintain capital stock meeting applicable legal requirements

Transfers all property rights, franchises, and interests to the surviving institution automatically without requiring a deed or other transfer document

Authorizes the commissioner to issue cease-and-desist orders against institutions attempting unauthorized business combinations, with a 30-day window for appeals to circuit court