The Commissioner may approve a merger, in accordance with §§ 795C, 795D, 795E, 795F and 795G of this title, even though the resulting bank (including all insured depository institutions, as defined in the Federal Deposit Insurance Act at 12 U.S.C. § 1813(c), which would be affiliates of the resulting bank), upon consummation of the transaction, would control 30 percent or more of the total amount of deposits of insured depository institutions in this State. In determining whether to approve a merger pursuant to this section, the Commissioner shall consider the convenience and needs of the public of this State.
Structure Delaware Code
Chapter 7. CORPORATION LAW FOR STATE BANKS AND TRUST COMPANIES
Subchapter VII. Merger or Consolidation with Out-Of-State Banks
§ 795B. Authority for interstate branch offices.
§ 795C. Merger with resulting Delaware national bank.
§ 795D. Merger with resulting Delaware state bank.
§ 795E. Merger with resulting out-of-state national bank.
§ 795F. Merger with resulting out-of-state state bank.
§ 795G. Authority for emergency mergers.
§ 795H. Concentration limits; approval of Commissioner.
§ 795J. Examinations; periodic reports; cooperative agreements; regulations; fees.
§ 795M. Notice of subsequent merger, etc.
§ 795N. Other mergers or consolidations with out-of-state banks not permitted.