HB 2963 West Virginia House of Delegates · 2025 Regular Session

To ensure that the survivor of a merger, reorganization, purchase, or assumption of liabilities of a bank chartered by West Virginia is insured by the Federal Deposit Insurance Corporation

HB 2963 requires that after a bank merger, reorganization, purchase, or assumption of liabilities in West Virginia, the surviving bank entity must be insured by the Federal Deposit Insurance Corporation (FDIC). This directly affects banks undergoing such ownership changes, ensuring depositors' funds remain protected under FDIC insurance without interruption. The bill mandates that the surviving bank maintain FDIC coverage as part of the transaction process, preventing gaps in insurance that could occur during ownership transitions. It does not create new insurance programs but clarifies existing requirements for bank continuity.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
House of Delegates Passage
Mar 2025
Senate Passage
Apr 2025
Signed into Law
Jul 2025
Introduced Feb 25, 2025 Signed Jul 22, 2025
Maddy AI version diff · 3 comparisons

What changed between versions

Committee Substitute Engrossed Committee Substitute · 3 edits · Apr 11, 2025
MINOR
The bill was updated from a 'Committee Substitute' to an 'Engrossed Version' for the 2025 legislative session. The primary change is the removal of a redundant 'Enrolled Version' link from the history section, while the bill's substantive text regarding bank asset transfers remains unchanged.
TECHNICAL

Removed a link to the 'Enrolled Version' from the list of available bill versions.

Updated the bill header to reflect the 'Engrossed' status and adjusted the subcommittee reporting notation.

Removed a semicolon from the bill's summary description, correcting a punctuation error.

Floor votes · Senate Apr 11, 2025 · House of Delegates Mar 27, 2025

How they voted

330
Passed
Total votes 33
Apr 11, 2025
D Democratic2
2 Yea
100% Yea
R Republican31
31 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
34
Key actions
7
Committee
7
Apr 29, 2025
Signed into law
Approved by Governor 4/29/2025
lower
Apr 12, 2025
Signed into law
Approved by Governor 4/29/2025 - House Journal
lower
Apr 12, 2025
Signed into law
Approved by Governor 4/29/2025 - Senate Journal
upper
Apr 11, 2025
Upper · Passed
Passed Senate (Roll No. 483)
upper
Apr 9, 2025
Upper · Passed
Reported do pass
upper
Mar 29, 2025
Committee
To Banking and Insurance
upper
Mar 29, 2025
Introduced
Introduced in Senate
upper
Mar 27, 2025
Lower · Passed
Passed House (Roll No. 215)
lower
Mar 24, 2025
Lower · Passed
By substitute, do pass
lower
Mar 12, 2025
Committee
To House Finance
lower
Mar 3, 2025
Committee
To House Banking and Insurance
lower
Feb 25, 2025
Committee
To House Finance
lower
Feb 25, 2025
Introduced
Introduced in House
lower
Feb 25, 2025
Committee
To Finance
lower
1 primary · 3 co-sponsors

Sponsors