Title 19, Title 19 Institutions

(a) An out-of-state bank or bank-holding company may acquire direct or indirect ownership or control of more than five percent (5%) of the voting stock of one or more financial institutions or Rhode Island bank-holding companies if the following conditions are met: (1) The laws o…

(a) Any financial institution organized with capital stock may, subject to the approval of the director, or the director’s designee, merge or consolidate with one or more banks: (1) Each of which is organized with capital stock and is either a financial institution or an out-of-s…

(a) Any financial institution organized without capital stock may, subject to the approval of the director, or the director’s designee, merge or consolidate with one or more institutions, if: (1) Each institution is organized without capital stock and is either a financial instit…

Upon the merger or consolidation of a financial institution with one or more banks in accordance with the provisions of this chapter: (1)(i) All of the property of each predecessor bank, including all its right, title, and interest in and to all assets of any conceivable value or…

(a) In addition to any other power granted under the laws of this state, a financial institution may, with the approval of the director, or the director’s designee, purchase all or part of the assets of, and assume all or part of the liabilities of, an out-of-state bank and opera…

If organized under laws other than the laws of this state, a successor bank or purchasing bank shall have and may exercise within this state the powers and privileges granted to financial institutions. A successor financial institution or purchasing financial institution shall ha…

For purposes of this chapter: (1) The surviving or new bank resulting from a merger or consolidation, as the case may be, shall be called the “successor financial institution” or “successor bank”, as applicable; (2) Each bank discontinuing its corporate existence pursuant to a me…

Upon obtaining the consent of the director, or the director’s designee, a financial institution may establish a branch, or branches, outside of this state and an out-of-state bank may establish a branch, or branches, within this state; provided that, in the case of an out-of-stat…