5 Del. Admin. Code § 801-1.0
Current through Register Vol. 28, No. 5, November 1, 2024
Section 801-1.0 - Scope of Regulation1.1 This regulation establishes procedures governing the creation of a Delaware bank holding company. A bank holding company with bank subsidiaries in Delaware whose operations are principally conducted within this state is required to become a Delaware bank holding company. A bank holding company is deemed to be principally conducting operations in Delaware when the total deposits of all bank subsidiaries in this State are greater than in any other state (See 5 Del.C. § 851 (3)). Except as provided in § 852(a), no bank holding company other than a Delaware bank holding company may own a Delaware bank.5 Del. Admin. Code § 801-1.0