de novo branch
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 1828 — in this section (6 versions over time)
For purposes of this paragraph, the term “de novo branch” means a branch of a State bank which—
(i) is originally established by the State bank as a branch; and
(ii) does not become a branch of such bank as a result of—
(I) the acquisition by the bank of an insured depository institution or a branch of an insured depository institution; or
(II) the conversion, merger, or consolidation of any such institution or branch.
12 U.S.C. § 36 — for purposes of this section
The term “de novo branch” means a branch of a national bank which—
(i) is originally established by the national bank as a branch; and
(ii) does not become a branch of such bank as a result of—
(I) the acquisition by the bank of an insured depository institution or a branch of an insured depository institution; or
(II) the conversion, merger, or consolidation of any such institution or branch.