Del. Code tit. 5 § 795H

Current through 2024 Legislative Session Act Chapter 510

Section 795H - Concentration limits; approval of Commissioner

The Commissioner may approve a merger, in accordance with §§ 795C, 795D, 795E, 795F and 795G of this title, even though the resulting bank (including all insured depository institutions, as defined in the Federal Deposit Insurance Act at 12 U.S.C. § 1813(c), which would be affiliates of the resulting bank), upon consummation of the transaction, would control 30 percent or more of the total amount of deposits of insured depository institutions in this State. In determining whether to approve a merger pursuant to this section, the Commissioner shall consider the convenience and needs of the public of this State.

5 Del. C. § 795H

70 Del. Laws, c. 112, § 15.;