NY Banking L § 222 (2021)
2021 New York Laws BNK - Banking Article 5-C - Interstate Branching 222 - Definitions.

§ 222.  Definitions.  In this article, the following definitions shall   apply:1. The term "out-of-state bank" means an out-of-state state  bank,  an   out-of-state   national   bank,   or  an  out-of-state  federal  savings   association.2. The term "out-of-state state bank" means a state bank, as such term   is defined in section 3(a)(2) of the Federal Deposit Insurance  Act  (12   U.S.C.  1813(a)(2)),  or  an out-of-state state-chartered trust company,   but such term shall not include a banking organization.3. The term "out-of-state national  bank"  means  a  national  banking   association the main office of which is located outside this state.4.  The  term  "out-of-state  federal  savings  association" means any   federal savings association or federal savings bank which  is  chartered   under  Section  5  of the Home Owners Loan Act (12 U.S.C. 1464) the home   office of which is located outside this state.5. The term "out-of-state trust company"  means  either  a  nationally   chartered trust company or an out-of-state state-chartered trust company   that  has  the power to exercise fiduciary powers, but is not insured by   the Federal Deposit Insurance Corporation.6. The term "New York bank" means a bank, trust company savings  bank,   or   savings   and  loan  association  as  such  terms  are  defined  in   subdivisions one, two, four and eight of section two of this chapter.7. The term "state" means any state of the United States  (other  than   this  state),  the  District  of  Columbia,  any territory of the United   States, Puerto Rico, Guam, American Samoa, the Trust  Territory  of  the   Pacific  Islands,  the  United  States  Virgin Islands, and the Northern   Mariana Islands.8. The term "home state" means with respect to an  out-of-state  state   bank  or out-of-state state-chartered trust company, the state under the   laws  of  which   such   out-of-state   state   bank   or   out-of-state   state-chartered  trust  company  is incorporated or otherwise organized,   and with respect to an out-of-state national bank or trust company,  the   state in which such out-of-state national bank's or trust company's main   office is located.9.  The term "acquisition transaction" means any merger, consolidation   or purchase of assets and assumption of liabilities of all or part of  a   banking institution.10.  The  term "like-type banking organization" means, with respect to   an out-of-state bank, a banking organization with the  type  of  charter   that  most  nearly corresponds to the charter of such out-of-state bank,   as determined by the superintendent.11. The term "appropriate  state  supervisor"  means  the  home  state   supervisor   with   supervisory  and  regulatory  jurisdiction  over  an   out-of-state state bank or out-of-state state-chartered trust company in   its home state.12. The term "banking institution"  means  any  bank,  trust  company,   savings  bank,  savings  and  loan  association,  or branch of a foreign   banking corporation the deposits of which are  insured  by  the  federal   deposit   insurance   corporation,  which  is  incorporated,  chartered,   organized or licensed under the laws of this state or any other state of   the United States, or under the laws of the United States.13. The term "branch" means any office of  a  banking  institution  at   which  deposits  are  received,  checks  paid  or money lent. Except for   purposes of subdivision three of section two hundred twenty-four of this   article, the term shall not include an automated teller machine or other   electronic facility. For purposes of this  article,  the  term  "branch"   shall  also  refer  to  the  principal  or  main  office  of  a  banking   institution. 14. The term "trust office" means an office of a  banking  institution   other  than  a  branch at which such institution may conduct one or more   fiduciary activities permitted for a trust company.