# Va. Code Ann. § 6.2-1145: Merger or consolidation of savings institutions

> Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1145

## Section

- **Citation:** Va. Code Ann. § 6.2-1145
- **Heading:** Merger or consolidation of savings institutions
- **Jurisdiction:** Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Virginia Code / Title 6.2 / Subtitle II / Chapter 11 / Article 4 / Section 6.2-1145

## Text

A. Two or more mutual savings institutions or two or more stock institutions may merge, subject to the approval of the Commission, when the Commission finds that the merger will be in the public interest and in accordance with applicable laws and regulations.

B. Two or more state savings banks may consolidate or merge, subject to the approval of the Commission, when the Commission finds that the capital of the resulting institution will be sufficient to warrant successful operation, and that the merger or consolidation will be in the public interest and in accordance with applicable laws and regulations.

C. The order approving the merger shall specify which office is to be the main office and which office or offices may be operated as branch offices.

Code 1950, § 6-201.42; 1960, c. 402; 1966, c. 584, § 6.1-172; 1972, c. 796, § 6.1-195.51; 1982, c. 211; 1985, c. 425, § 6.1-194.39; 1988, c. 3; 1991, c. 230, § 6.1-194.130; 2010, c. 794 .

## Nearby sections

- [Va. Code Ann. § 6.2-1139 Conversion from mutual savings institution to stock institution](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1139.md)
- [Va. Code Ann. § 6.2-1140 Reorganization of mutual association into mutual holding company; approval by Commissioner; powers; issuance of stock](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1140.md)
- [Va. Code Ann. § 6.2-1141 Conversion of state savings institution into federal financial institution](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1141.md)
- [Va. Code Ann. § 6.2-1142 Conversion of federal financial institution into state savings institution or state bank](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1142.md)
- [Va. Code Ann. § 6.2-1143 Conversion from state savings bank to state association; conversion from state association to state savings bank](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1143.md)
- [Va. Code Ann. § 6.2-1144 Conversion from stock savings institution to bank](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1144.md)
- [Va. Code Ann. § 6.2-1145 Merger or consolidation of savings institutions](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1145.md)
- [Va. Code Ann. § 6.2-1146 State association or association holding company acquiring bank; association acquired by bank or bank holding company; merger or consolidation of association and bank](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1146.md)
- [Va. Code Ann. § 6.2-1147 Acquisition of control of state stock institution requires Commission approval](https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1147.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_T6.2_SII_C11_A4_S6.2-1145. Check the current official text before relying on it. Not legal advice.