Establishes branch banks and FDIC insurance requirements for banks and credit unions in West Virginia.

This bill amends West Virginia's banking laws to establish branch banks and set FDIC insurance requirements for banks and credit unions. It mandates that a banking institution must obtain approval from the board before establishing a branch bank. Mergers and acquisitions of banks and credit unions must also be approved by the board, with specific criteria for out-of-state banks and credit unions. The bill outlines procedures for hearings, examinations, and investigations related to these approvals.

Establishes branch banks and FDIC insurance requirements for banks and credit unions in West Virginia.

This bill amends West Virginia's banking laws to establish branch banks and set FDIC insurance requirements for banks and credit unions. It mandates that a banking institution must obtain approval from the board before establishing a branch bank. Mergers and acquisitions of banks and credit unions must also be approved by the board, with specific criteria for out-of-state banks and credit unions. The bill outlines procedures for hearings, examinations, and investigations related to these approvals.