2011 ORS § 706.008¹
Additional definitions for Bank Act

As used in the Bank Act:

(1) Bank means a company, other than an extranational institution, that accepts deposits insured to any extent by the Bank Insurance Fund under the provisions of the Federal Deposit Insurance Act, as amended, 12 U.S.C. 1811, et seq.

(2) Bank holding company means a company that is a bank holding company under the federal Bank Holding Company Act of 1956, as amended, 12 U.S.C. 1841, et seq.

(3) Bank service corporation means a corporation that is organized to perform services authorized by ORS 708A.145 (Authorized services of bank service corporations), all of the capital stock of which is owned by one or more banking institutions or national banks.

(4) Banking institution means an Oregon commercial bank, an Oregon trust company or an Oregon savings bank.

(5) Company means an entity that is a company under the federal Bank Holding Company Act of 1956, as amended, 12 U.S.C. 1841, et seq.

(6) Extranational institution means a corporation, unincorporated company, partnership or association of two or more persons organized under the laws of a nation other than the United States, a territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands, that engages directly in a banking business.

(7) Federal bank means a national bank or another bank organized under the laws of the United States.

(8) Federal savings bank means a corporation chartered as a federal savings bank under the provisions of 12 U.S.C. 1464.

(9) Financial holding company means a company that engages in activities described for a financial holding company in section 103 of the federal Gramm-Leach-Bliley Act (P.L. 106-102).

(10) Financial institution means an insured institution, an extranational institution, a credit union as defined in ORS 723.006 (Credit union defined), an out-of-state credit union under ORS 723.042 (Interstate credit unions) and a federal credit union.

(11) In-state federal stock bank means a federal bank that issues capital stock, the home state of which is Oregon.

(12) Institution means an Oregon commercial bank or an Oregon trust company.

(13) Insured institution means a company, the deposits of which are insured under the provisions of the Federal Deposit Insurance Act, as amended, 12 U.S.C. 1811, et seq.

(14) Insured nonstock institution means an insured institution that does not issue capital stock.

(15) Insured stock institution means an insured institution that issues capital stock.

(16) National bank means a bank that was organized under the provisions of the National Bank Act, as amended, 12 U.S.C. 21, et seq.

(17) Non-Oregon institution means:

(a) An out-of-state state bank engaging in banking business in Oregon;

(b) An out-of-state trust company transacting trust business in Oregon; and

(c) An extranational institution engaging in banking business in Oregon.

(18) Nonstock bank means a bank that does not issue capital stock.

(19) Oregon bank means an Oregon stock bank or Oregon nonstock bank.

(20) Oregon commercial bank means an Oregon stock bank that was chartered under ORS chapter 707 as a bank other than a stock savings bank.

(21) Oregon nonstock bank means a state nonstock bank or savings bank, the home state of which is Oregon.

(22) Oregon operating institution means:

(a) A bank that engages in banking business in this state;

(b) An extranational institution that engages in banking business in this state; or

(c) A trust company that transacts trust business in this state.

(23) Oregon savings bank or savings bank means an Oregon stock savings bank or an Oregon nonstock savings bank.

(24) Oregon stock bank means a state stock bank, the home state of which is Oregon.

(25) Oregon stock savings bank means an Oregon stock bank that was initially chartered as or was converted to a stock savings bank under the Bank Act.

(26) Oregon trust company means a trust company that was organized under the provisions of ORS chapter 707.

(27) Out-of-state bank means an out-of-state state bank or an out-of-state federal bank.

(28) Out-of-state bank holding company means a bank holding company, the home state of which is not Oregon, and that is not the bank holding company of an Oregon stock bank or an in-state federal stock bank.

(29) Out-of-state federal bank means a federal bank, the home state of which is not Oregon.

(30) Out-of-state financial holding company means a financial holding company, the home state of which is not Oregon, and that is not the financial holding company of an Oregon stock bank or an in-state federal stock bank.

(31) Out-of-state state bank means a state bank, the home state of which is not Oregon.

(32) Out-of-state trust company means a trust company that was organized under the laws of another state.

(33) State bank means a bank that was organized under the laws of a state.

(34) State nonstock bank means a nonstock bank that was organized under the laws of a state.

(35) State stock bank means a stock bank that was organized under the laws of a state.

(36) Stock bank means a bank that issues capital stock.

(37)(a) Trust company means a company that is authorized under the provisions of ORS chapter 709 to transact trust business, including the trust department of a bank.

(b) Trust company does not include a corporation that a United States Bankruptcy Court appoints to serve as a bankruptcy trustee under Title 11, United States Code, during a time in which the corporation is acting as a bankruptcy trustee. [1997 c.631 §3; 2001 c.377 §29; 2011 c.263 §1]