---
title: O.C.G.A. § 7-1-628.5. Requirement for out-of-state bank that is resulting bank of interstate merger transaction.
collection: code
id: 7-1-628.5
cite_as: O.C.G.A. § 7-1-628.5 (2025)
canonical_url: https://georgiacommons.org/code/7-1-628.5
md_url: https://georgiacommons.org/code/7-1-628.5.md
text_url: https://georgiacommons.org/code/7-1-628.5/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=343
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / BANKS AND TRUST COMPANIES / INTERSTATE BANKING AND BRANCHING BY MERGER
---

# O.C.G.A. § 7-1-628.5. Requirement for out-of-state bank that is resulting bank of interstate merger transaction.

(a) An out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving a Georgia state bank shall notify the commissioner of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank supervisory agency, provide such information as required by rule or regulation or as the commissioner may otherwise specify, and pay any filing fee required by regulation.

(b) Prior to consummation of an interstate merger between an out-of-state bank and a Georgia state bank, the resulting bank shall provide the commissioner with satisfactory evidence of all required approvals from all relevant bank supervisory agencies.

(c) Prior to consummation of an interstate merger between an out-of-state bank and a Georgia state bank, and continuously thereafter, the out-of-state bank shall maintain deposit insurance issued by a federal public body while it has a branch or any other location in this state.

(d) Any holding company of the resulting bank from an interstate merger transaction between an out-of-state bank and a Georgia state bank shall comply with Part 19 of this article and Code Sections 7-1-605 through 7-1-611.

## History

Code 1981, § 7-1-628.5, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 1998, p. 128, § 7; Ga. L. 1999, p. 674, § 24; Ga. L. 2016, p. 390, § 2-23/HB 811; Ga. L. 2017, p. 193, § 15/HB 143; Ga. L. 2023, p. 651, § 10/HB 55, effective July 1, 2023.

## Amendments

The 2023 amendment, effective July 1, 2023, substituted “Code Sections 7-1-605 through 7-1-611” for “Code Sections 7-1-605 through 7-1-612” in subsection (d).