2023 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.