Revised Code of Washington
Chapter 30A.38 - Interstate Banking.
30A.38.050 - Branch of out-of-state state bank—Violations—Unsafe and unsound operations—Enforcement actions—Notice to home state regulator.

RCW 30A.38.050
Branch of out-of-state state bank—Violations—Unsafe and unsound operations—Enforcement actions—Notice to home state regulator.

If the director determines that a branch maintained by an out-of-state state bank in this state is being operated in violation of the laws of this state, or that the branch is being operated in an unsafe and unsound manner, the director has the authority to take all enforcement actions he or she would be empowered to take if the branch were a Washington state bank. However, the director shall promptly give notice to the home state regulator of each enforcement action taken against an out-of-state state bank and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving the enforcement action.

[ 1996 c 2 § 15. Formerly RCW 30.38.050.]

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Structure Revised Code of Washington

Revised Code of Washington

Title 30A - Washington Commercial Bank Act

Chapter 30A.38 - Interstate Banking.

30A.38.005 - Definitions.

30A.38.010 - Out-of-state bank may engage in banking in this state—Conditions—Director's approval of interstate combination.

30A.38.015 - Out-of-state bank without a branch in this state—Options—Director's approval required, conditions.

30A.38.020 - Out-of-state bank with host branches—Relocation of head office—Reincorporation—Application—Director's approval required.

30A.38.030 - Out-of-state bank may maintain and operate branches—Powers and authorities.

30A.38.040 - Examinations of any branch of an out-of-state state bank—Reporting requirements for any branch of an out-of-state bank—Supervisory agreements—Joint examinations or enforcement actions—Assessments.