NH Rev Stat § 383-B:2-201 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:2-201 - Definitions.

    383-B:2-201 Definitions. –||(a) Each term defined in RSA 383-A shall have the same meaning for purposes of this chapter.||(b) For purposes of this chapter, the following definitions shall also apply.||(1) "Acquisition" or "acquire" means any act or action with respect to the ownership or control of a depository bank or the purchase of its assets and the assumption of its liabilities which would require the approval of a federal regulatory authority.||(2) "Branch office" means any place of business or mobile facility of a depository bank, other than its principal office, at which deposits are received, checks are paid, or loans are made, or payments on loans are received but shall not include a loan production office or an office that provides only administrative services or support for its banking business. The commissioner may define by rule which administrative services or support for a banking business would qualify for exemption from this definition and the procedure for requesting such exemption.||(3) "Capital and surplus" has the same meaning as the term is used in 12 U.S.C. section 32.||(4) "Closely related activity" means any activity that is part of a banking business, is closely related to a banking business, is convenient and useful to a banking business, is reasonably related to the operation of a bank or is financial in nature or incidental to the financial activity, as authorized under the Gramm-Leach-Bliley Act, 12 U.S.C. section 1811. Closely related activities include, but are not limited to, custodial services; services as a fiscal agent for the United States or any instrumentality of the United States or for this state or any instrumentality of this state; services as an agent for the purpose of issuing, registering, or countersigning certificates of stock, bonds, or other evidence of indebtedness of any entity or this state; business and professional financial services; data processing, courier and messenger services; credit-related activities; consumer financial services; real estate-related services; insurance and related services; securities brokerage; investment advice; securities underwriting; mutual fund activities; financial consulting; tax planning and preparation; community development; charitable activities; finder activities; and any activities reasonably related or incidental to these activities, subject to any limitations under federal or state laws. A closely related activity shall include any activity that may be authorized or permissible for a national bank, a federal savings bank, or any service corporation or subsidiary of a national bank or federal savings bank, including financial subsidiaries as defined in 12 U.S.C. section 24A and 12 C.F.R. section 5.39 to engage in under federal law; and any additional activities that the commissioner by rule or order determines to be a closely related activity.||(5) "Control" has the same meaning as the term is used in 12 U.S.C. section 1841(a).||(6) "Foreign bank" means:||(A) A national bank or a federal savings bank having its main office located in a state other than New Hampshire; or||(B) A foreign state bank.||(7) "Foreign bank holding company" means a bank holding company that owns or controls one or more depository banks and the largest amount of total deposits of these banks is located in a state other than New Hampshire.||(8) "Foreign mutual holding company" means a holding company organized under the laws of a state other than New Hampshire or under federal law as a mutual company.||(9) "Proprietary interest" means the inchoate interest of a depositor of a mutual bank or a subsidiary bank of a mutual holding company as described in RSA 383-B:6-606(a).||(10) "Subsidiary bank" means a depository bank that is owned or controlled by a bank holding company.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|