PRIA Logo™
West VirginiaSB 5742026 Regular SessionSenateWALLET

Relating to bank merger by interstate branching

Sponsored By: Mike Azinger (Republican)

Signed by Governor

§31A-8D-4

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Limits on bank deposit share after mergers

A merger is not allowed if the resulting bank and its insured affiliates would hold more West Virginia deposits than the statewide cap permits. The Commissioner can waive this limit by rule for good cause. The cap is set using the most recent deposit reports filed with state or federal authorities.

Out‑of‑state bank mergers with safeguards

State banks can merge with out‑of‑state banks. The new bank may keep and run the West Virginia branches it acquires. An out‑of‑state bank must first give the Commissioner a written promise that it will follow West Virginia laws, that West Virginia deposits will stay insured, and that any state‑chartered result meets West Virginia capital rules. This promise is required when it acquires a West Virginia state bank, most of its branches, or takes control of a West Virginia branch.

Free Policy Watch

You just read the policy. Now see what it costs you.

Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.

Pick a topic to get started

My TaxesMy HealthMy BudgetMy MoneyMy Freedom
Or tell us something more specific

Sponsors & Cosponsors

Sponsor

  • Mike Azinger

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 127 • No: 0

House vote • 3/12/2026

Passed House (Roll No. 427)

Yes: 93 • No: 0

Senate vote • 2/3/2026

Passed Senate (Roll No. 39)

Yes: 34 • No: 0

Actions Timeline

  1. Approved by Governor 3/25/2026

    3/25/2026Senate

  2. To Governor 3/18/2026

    3/18/2026Senate

  3. To Governor 3/18/2026 - Senate Journal

    3/14/2026Senate

  4. Approved by Governor 3/25/2026 - Senate Journal

    3/14/2026Senate

  5. Approved by Governor 3/25/2026 - House Journal

    3/14/2026House

  6. House Message received

    3/13/2026Senate

  7. On 3rd reading, Special Calendar

    3/12/2026House

  8. Read 3rd time

    3/12/2026House

  9. Passed House (Roll No. 427)

    3/12/2026House

  10. Communicated to Senate

    3/12/2026House

  11. Completed legislative action

    3/12/2026House

  12. On 2nd reading, Special Calendar

    3/11/2026House

  13. Read 2nd time

    3/11/2026House

  14. Do pass

    3/10/2026House

  15. Immediate consideration

    3/10/2026House

  16. Read 1st time

    3/10/2026House

  17. House received Senate message

    2/4/2026House

  18. Introduced in House

    2/4/2026House

  19. To Finance

    2/4/2026House

  20. To House Finance

    2/4/2026House

  21. On 3rd reading

    2/3/2026Senate

  22. Read 3rd time

    2/3/2026Senate

  23. Passed Senate (Roll No. 39)

    2/3/2026Senate

  24. Ordered to House

    2/3/2026Senate

  25. On 2nd reading

    2/2/2026Senate

Bill Text

Related Bills

Back to State Legislation

Take It Personal

Get Your Personalized Policy View

Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.

Already have an account? Sign in