W. Va. Code R. § 107-08-2
Current through Register Vol. XLI, No. 50, December 13, 2024
Section 107-08-2 - Definitions2.1. "Board" - "Board" shall mean the West Virginia Board of Banking and Financial Institutions or the chairman of the West Virginia Board of Banking and Financial Institutions. 2.2. "OCC" - "OCC" shall mean the Office of the Comptroller of the Currency or the Regional Administrator of National Banks for the Fifth National Bank Region of the Office of the Comptroller of the Currency. 2.3. "Unbanked area" - An area is an "unbanked area" if no banking institution or branch bank created by merger and consolidation exists within the limits of an incorporated municipality. 2.4. "Contested unbanked area" - An unbanked area shall be deemed to be a "contested unbanked area" if more than two state and/or national banking institutions' applications to establish branch banks by the construction, lease or acquisition of facilities in the same unbanked area within the county in which is situate their principal offices have been received by the Board and/or the OCC before 5;00 p.m., June IS, 1982. 2.5* "Uncontested unbanked area" - An unbanked area shall be deemed to be an "uncontested unbanked area" if two or less state and/or national banking institutions' branch bank applications to establish branch banks by the construction, lease or acquisition of facilities in the same unbanked area within the county in which is situate their principal offices have been received by the Board and/or the OCC before 5:00 p.m., June 18, 1982.W. Va. Code R. § 107-08-2