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NRS 666.125 - Approval required before acquisition of bank; application; considerations.

NV Rev Stat § 666.125 (2019) (N/A)
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1. A bank holding company must receive the approval of the Commissioner before acquiring a bank.

2. The application for approval must include such information with respect to the financial condition, operations, management and intercompany relationships of the bank which is to be acquired and the bank holding company as the Commissioner may deem necessary or appropriate.

3. In considering the application for approval, the Commissioner shall consider:

(a) The financial condition of the bank holding company and any banks owned by it;

(b) The probable effect of the acquisition on:

(1) The bank holding company;

(2) Any banks owned by the bank holding company; and

(3) The bank which is to be acquired; and

(c) The effect of the acquisition upon competition in banking.

(Added to NRS by 1983, 930; A 1983, 1840; 1987, 1929)

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NRS 666.115 - Formation of bank holding company: Approval by Commissioner; limitation; application for approval; acceptance of federal registration.
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NRS 666.135 - Approval of transfer of control required; grounds for disapproval.