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ROBERT L. EHRLICH, JR., Governor Ch. 636
(i) , The acquisition by the out-of-state bank or banking institution
of an insured depository institution or a branch of an insured depository institution;
or
(ii) The conversion, merger, or consolidation of an insured
depository institution or a branch of an insured depository institution.
[(f)] (H) "Home state" means:
(1) As to a national banking association, the state in which its main
office is located; and
(2) As to a state-chartered bank, the state by which it is chartered.
[(g)] (I) "Home state regulator" means the agency in a bank's home state with
primary responsibility for chartering and regulating banks.
[(h)] (J) "Host state" means a state, other than the home state of a bank, in
which the bank maintains or seeks to establish a branch.
[(i)] (K) "Insured depository institution" means any financial institution the
deposits of which are insured by the Federal Deposit Insurance Corporation.
[(j)] (L) "National banking association" means a bank chartered under the
National Bank Act.
[(k)] (M) "Other-state bank" means a bank chartered and primarily regulated
by another state.
[(1)] (N) "Out-of-state bank" means:
(1) A national banking association with its main office in a state other
than this State; or
(2) An other-state bank.
5-1003.
(A) A banking institution or an out-of-state bank may establish a branch in
this State by:
(1) Opening a de novo branch;
(2) Purchasing an existing branch from a bank or an insured depository
institution; or
(3) Converting former headquarters or retaining former branches
following:
(i) The purchase of all or substantially all of the assets of a bank or
an insured depository institution; or
(ii) A merger or a consolidation with a bank or an insured
depository institution.
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- 2935 -
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