Definitions

HRS §412:12-101 — under Chapter 412.

HRS §412:12-101

§412:12-101 Definitions. As used in this article, unless a different meaning is required by the context, the following words and phrases shall have the following meanings:

"Acquisition of a branch" means the acquisition of a branch located in a host state, without engaging in an "interstate merger transaction" as defined in this article.

"Bank" has the meaning set forth in 12 U.S.C. section 1813(h); provided that the term "bank" shall not include any "foreign bank" as defined in 12 U.S.C. section 3101(7), except that the term "bank" shall include any foreign bank organized under the laws of a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands, the deposits of which are insured by the Federal Deposit Insurance Corporation.

"Bank holding company" has the meaning set forth in 12 U.S.C. section 1841(a)(1).

"Bank supervisory agency" means:

"Branch" means a place of business of a bank, other than its main office, which is open to the public and at which deposits are received and paid. The term does not include an automated teller machine as defined in section 412:3-501.

"Control" shall be construed consistently with 12 U.S.C. section 1841(a)(2).

"De novo branch" means a branch of a bank located in a host state which:

"Foreign bank" has the meaning set forth in 12 U.S.C. section 3101(7).

"Hawaii bank" means a bank whose home state is Hawaii.

"Hawaii state bank" means a bank chartered under the laws of Hawaii.

"Home state" means:

"Home state regulator" means, with respect to an out-of-state state bank, the bank supervisory agency of the state in which the bank is chartered.

"Host state" means a state, other than the home state of a bank, in which the bank maintains, or seeks to establish and maintain a branch.

"Interstate merger transaction" means:

"Out-of-state bank" means a bank whose home state is a state other than Hawaii.

"Out-of-state state bank" means a bank chartered under the laws of any state other than Hawaii.

"Resulting bank" means a bank that has resulted from an interstate merger transaction under this article.

"State", whenever this word is used in its uncapitalized form, means any state of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands. [L 1996, c 155, pt of §1; am L 2014, c 9, §5]