Section 19-7-1 - Definitions(a) For the purposes of this chapter, the term or terms: (1) "Bank", "bank-holding company", "company", "subsidiary", and "control" have the meanings set forth in the federal Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., except that "bank" shall also include financial institutions, as defined in this title, and other forms of federally-insured-deposit-taking institutions. Bank-holding companies shall include thrift-holding companies as set forth in the Home Owners' Loan Act, 12 U.S.C. § 1461 et seq., whether organized with or without capital stock.(2) "Out-of-state bank" means a bank whose principal office is located in any other state.(3) "Out-of-state bank-holding company" means a holding company for which the operations of its bank subsidiaries are principally conducted in any other state.(4) "Rhode Island bank-holding company" means a bank-holding company that controls a financial institution, provided that an out-of-state bank or bank-holding company that acquired control of one or more financial institutions shall not be deemed to be a Rhode Island bank-holding company, unless operations of its bank subsidiaries are principally conducted in this state.(b) For the purposes of this chapter, the state in which operations of a bank-holding company's bank subsidiaries are principally conducted is the state in which total deposits of all of its bank subsidiaries are the largest.Amended by 2017 Pub. Laws, ch. 451,§ 22, eff. 10/11/2017.