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    West Virginia Division of Banking
    1900 Kanawha Boulevard, East
    Building #3, Room 311
    Charleston, WV 25305-0240         		Phone: (304) 558-2294
    Fax: (304) 558-0442
    Our regular Business hours are:
    8:30am to 4:30pm M-F Eastern Std.
    PROFESSIONALS: Licensing: Depository: B H C Information: Acquisition
    [ BHC Formation] [ BHC Acquisition] [ BHC Financial Services]

    WEST VIRGINIA BANK HOLDING COMPANY ACQUISITION


    Bank holding companies wishing to acquire a West Virginia state chartered bank or bank holding company controlling a state chartered bank must make application to both the West Virginia Board of Banking and Financial Institutions and the Federal Reserve System through the appropriate Federal Reserve Bank.

    Applications should be submitted to the West Virginia Division of Banking in final form at least 45 days prior to the next regularly scheduled meeting of the West Virginia Board of Banking. Board meetings are scheduled for the second Monday of each March, June, September and December. Additional meetings may be called or regular meetings rescheduled if necessary.

    Specific instructions relating to the acquisition of a state chartered bank or bank holding company controlling a state chartered bank are provided in the following document.

    The following document is viewable with Microsoft Word Viewer or Adobe Acrobat.   

    West Virginia Division of Banking Process to be Followed by Bank Holding Company Applicants


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    For transactions involving the acquisition of more than five percent but less than 25% of the entity, Applicants should review the information provided in the following document:

    Process To Be Followed By Bank Holding Company Applicants When Purchasing More Than 5% But Less Than 25% Of A Bank's Stock (Assuming No Control)
     


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    Once the transaction has received approval from the West Virginia Board of Banking and Financial Institutions an ORDER communicating such approval will be issued to the Applicant. Applicants must then provide notice to the West Virginia Division of Banking of the actual consummation date. Such notice may be provided on the following form or in a letter providing the required information.

    Bank Holding Company Acquisition Notification


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    Questions may be addressed to:

    West Virginia Division of Banking
    State Capitol Complex
    Building 3, Room 311
    1900 Kanawha Boulevard East
    Charleston, West Virginia 25305-0240

    Or to Dawn Holstein

    ©1999 West Virginia Division of Banking. All Rights Reserved.