---
type: "Bill"
title: "Banks; authorized to operate a branch office under a different name."
description: "Authorizes a bank to operate a branch office under a different name if such name contains language clearly indicating that it is a branch office of the bank or a division of the bank. Currently, a different name may be used for a branch office if it indicates that it is a branch office and indicates the bank of which it is a branch office. This bill is identical to"
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2018"
identifier: "SB 244"
citation: "Virginia SB 244 (2018)"
classification: ["bill"]
subjects: ["Financial Institutions and Services"]
status: "enacted"
primary_sponsors: ["John A. Cosgrove, Jr."]
version_count: 2
action_count: 15
vote_count: 5
first_action: "2018-01-05"
last_action: "2018-03-02"
source: "openstates"
source_identifier: "ocd-bill/0961672e-0810-4693-8418-72898c1d83d3"
source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+SB244"
source_hash: "17b05ed3f91fc38463f20e4131fd63dc68179cb72264121d628626616ca82ac4"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia SB 244 (2018) — Banks; authorized to operate a branch office under a different name.

Authorizes a bank to operate a branch office under a different name if such name contains language clearly indicating that it is a branch office of the bank or a division of the bank. Currently, a different name may be used for a branch office if it indicates that it is a branch office and indicates the bank of which it is a branch office. This bill is identical to

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Senate: Bill text as passed Senate and House (SB244ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+SB244ER)
2. **Senate: Prefiled and ordered printed; offered 01/10/18 18102240D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+SB244)

## Votes

- Reported from Commerce and Labor — **22–0** (pass) · legislature
- Constitutional reading dispensed — **40–0** (pass) · legislature
- Reported from Commerce and Labor — **15–0** (pass) · legislature
- Passed House BLOCK VOTE — **100–0** (pass) · legislature
- Read third time and passed Senate — **39–0** (pass) · legislature

## Sponsors

- John A. Cosgrove, Jr. — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-01-05** Prefiled and ordered printed; offered 01/10/18 18102240D `introduction`
- **2018-01-05** Referred to Committee on Commerce and Labor `referral-committee`
- **2018-01-25** Read second time and engrossed `reading-2`
- **2018-01-31** Placed on Calendar
- **2018-01-31** Read first time `reading-1`
- **2018-01-31** Referred to Committee on Commerce and Labor `referral-committee`
- **2018-02-19** Read second time `reading-2`
- **2018-02-20** Read third time `reading-3`
- **2018-02-20** Passed House BLOCK VOTE (100-Y 0-N) `passage`
- **2018-02-22** Enrolled
- **2018-02-22** Signed by Speaker
- **2018-02-23** Signed by President
- **2018-02-26** Enrolled Bill Communicated to Governor on February 26, 2018
- **2018-02-26** Governor's Action Deadline Midnight, March 5, 2018
- **2018-03-02** Approved by Governor-Chapter 130 (effective 7/1/18) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0961672e-0810-4693-8418-72898c1d83d3`. Confidence: reported (aggregated from official Virginia legislature records).