HARRY HUGHES, Governor                                  4783

(a)  Before the Bank Commissioner issues a certificate
to do business, a savings bank shall have an initial
guaranty fund that equals at least:

(1)  The minimum amount of capital stock required
for formation of a [State] COMMERCIAL bank in the [same]
municipal area OF THE PROPOSED SAVINGS BANK; and

(2)  Any greater amount that the Bank
Commissioner determines is necessary to keep the savings
bank solvent.

(b)  (1) Before a savings bank establishes a branch,
the savings bank shall have a guaranty fund as provided in
this subsection.

(2)  For a branch that is to be located inside
the municipal area of the principal banking office of the
savings bank, the savings bank shall have a guaranty fund of
not less than 5 percent of its total deposits.

(3)  For a branch that is to be located outside
the municipal area of the principal banking office of the
savings bank, the savings bank shall have a guaranty fund of
not less than the sum of:

(i) 5 percent of its total deposits; and

(ii) The minimum capital and surplus that
is required for formation of a [State] COMMERCIAL bank in
the municipal area of the proposed branch.

4-601.

(b) The bylaws of a savings bank:

(1)  May require a depositor to give notice of an
intent to withdraw any part of a deposit; and

(2)  May not require more than 90 [days] DAYS'
notice.

5-209.

(c)(2) The Bank Commissioner may give the Federal
Deposit Insurance Corporation information about [a] ANY
banking institution [if:

(i) The institution is insured by the
Corporation; or

(ii) The institution:

1. Is applying for insurance from
the Corporation; and