§ 58-1C-3. Definitions

As used in the Interstate Bank Branching Act: A. “bank” means that term as defined in 12 U.S.C.A. Section 1813(h) , but “bank” does not include any “foreign bank” as defined in 12 U.S.C.A. Section 3101(7) , unless the foreign bank is organized under the laws of a territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands and its deposits are insured by the federal deposit insurance corporation; B. “bank holding company” means that term as defined in 12 U.S.C.A. Section 1841(a)(1) ; C. “bank supervisory agency” means: (1) an agency of another state with primary responsibility for chartering and supervising banks; and (2) the office of the comptroller of the currency, the federal deposit insurance corporation, the board of governors of the federal reserve system, and any successor to these agencies; D. “branch” means that term as defined in Subsection C of Section 58-5-2 NMSA 1978; E. “control” means that term as defined in 12 U.S.C.A. Section 1841(a)(2) ; F. “director” means the director of the financial institutions division of the regulation and licensing department; G. “home state” means: (1) with respect to a state bank, the state in which the bank is chartered; (2) with respect to a national bank, the state in which the main office of the bank is located; and (3) with respect to a foreign bank, the state determined to be the home state of the foreign bank pursuant to 12 U.S.C.A. Section 3103(c) ; H. “home state regulator” means the bank supervisory agency of the state in which an out-of-state state bank is chartered; I. “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; J. “insured depository institution” means that term as defined in 12 U.S.C.A. Section 1813(c)(2) ; K. “interstate merger transaction” means: (1) the merger or consolidation of banks with different home states and the conversion of branches of any bank involved in the merger or consolidation into branches of the resulting bank; or (2) the purchase of all or substantially all of the assets and branches of a bank whose home state is different from the home state of the acquiring bank; L. “main office” means the office declared by a bank to its chartering bank supervisory agency to be its main office; M. “New Mexico bank” means a bank whose home state is New Mexico; N. “New Mexico state bank” means a bank chartered under the laws of New Mexico; O. “out-of-state bank” means a bank whose home state is a state other than New Mexico; P. “out-of-state state bank” means a bank chartered under the laws of any state other than New Mexico; Q. “resulting bank” means a bank that has resulted from an interstate merger transaction under the Interstate Bank Branching Act; and R. “state” means a state of the United States, the District of Columbia, a territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands or the Northern Mariana Islands.