WASHINGTON - The first application by a national bank to branch across state lines was filed at the Office of the Comptroller of the Currency.

Patrick Henry National Bank, a $325 million-asset institution in Bassett, Va., hopes to build a new branch in Eden, N.C., making it the first to take advantage of "de novo" branching.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.