ORS 715.017
Out-of-state financial holding companies

  • out-of-state bank holding companies
An out-of-state financial holding company or an out-of-state bank holding company may become the financial holding company or the bank holding company of:

(1)

An Oregon stock bank or an in-state federal stock bank, by itself or together with any predecessor, only if the Oregon stock bank or in-state federal stock bank has been engaged in the business of banking in this state for a period of not less than three years prior to the date on which the out-of-state financial holding company or the out-of-state bank holding company becomes the financial holding company or the bank holding company of the Oregon stock bank or in-state federal stock bank.

(2)

An Oregon stock bank organized under ORS 707.025 (Organization of banking institution for purpose of merging with, acquiring assets of or assuming liabilities of financial institution) that has merged with or acquired all or substantially all of the assets and liabilities of an Oregon stock bank or in-state federal stock bank, by itself or together with any predecessor, only if the Oregon stock bank or in-state federal stock bank has been engaged in the business of banking in this state for a period of not less than three years prior to the date on which the out-of-state financial holding company or the out-of-state bank holding company becomes the financial holding company or the bank holding company of the Oregon stock bank. [1997 c.631 §330; 2001 c.377 §31]

Source: Section 715.017 — Out-of-state financial holding companies; out-of-state bank holding companies, https://www.­oregonlegislature.­gov/bills_laws/ors/ors715.­html.

Green check means up to date. Up to date

Current through early 2024

§ 715.017’s source at oregon​.gov