Loading chat...
WV HB4789
Bill
Status
Introduced
1/23/2026
Primary Sponsor
Vernon Criss
Click for details
AI Summary
- Clarifies disclosure requirements when an out-of-state bank acquires a West Virginia state-chartered bank through interstate merger
- Requires out-of-state banks to confirm in writing to the commissioner that they will comply with all applicable West Virginia laws, including consumer protection laws, as long as they maintain a branch in the state
- Maintains existing deposit limits on merger transactions, preventing resulting banks from controlling deposits exceeding amounts set by state code
- Requires deposits of resulting banks to be insured and state-chartered resulting banks to meet West Virginia capital requirements
- Makes technical corrections replacing "chapter" with "code" throughout the statute
Legislative Description
Relating to bank merger by interstate branching and providing clarity regarding the disclosure required when an out of bank acquires a West Virginia state-chartered bank
Last Action
To House Finance
1/23/2026
Committee Referrals
Finance1/23/2026
Full Bill Text
No bill text available