HARRY HUGHES, Governor

1557

(I) (1) THAT HAS ITS PRINCIPAL PLACE OF
BUSINESS IN A JURISDICTION WITHIN THE REGION THAT ALLOWS
ACQUISITION ON A RECIPROCAL BASIS;                                     

(II)(2) THAT HAS MORE THAN 80 PERCENT OF THE
TOTAL DEPOSITS OF ITS BANK SUBSIDIARIES HELD BY BANK
SUBSIDIARIES, OTHER THAN BANK SUBSIDIARIES ACQUIRED BY IT IN
ACCORDANCE WITH § 5-1004(B)(2) OF THIS SUBTITLE, LOCATED WITHIN
THE REGION EXCLUDING FOR PURPOSES OF APPLYING THIS 80 PERCENT
REQUIREMENT:

(I) DEPOSITS IN BANK SUBSIDIARIES ACQUIRED BY
IT IN ACCORDANCE WITH SECTION 5-1004(B)(2) OF THIS SUBTITLE; AND

(II) IF THE OUT-OF-STATE BANK HOLDING COMPANY
ALSO HAD A MARYLAND BANK SUBSIDIARY ON JUNE 30, 1983, DEPOSITS IN
BANK SUBSIDIARIES NOT LOCATED WITHIN THE REGION THAT WERE BANK
SUBSIDIARIES OF THE OUT-OF-STATE BANK HOLDING COMPANY ON JUNE 30,
1983;

(III) (3) THAT IS NOT CONTROLLED BY A BANK
HOLDING COMPANY OTHER THAN AN OUT-OF-STATE BANK HOLDING COMPANY;
AND

(IV)(4) THAT IS NOT A FOREIGN BANK AND IS NOT
CONTROLLED BY A FOREIGN BANK AS DEFINED IN THE FEDERAL
INTERNATIONAL BANK ACT OF 1978, AS AMENDED, 12 U.S.C. § 3101(7),
OTHER THAN A FOREIGN BANK THAT HAS DESIGNATED A JURISDICTION
WITHIN THE REGION AS ITS HOME STATE PURSUANT TO 12 U.S.C. §
3103(C).

(2) "OUT OF STATE BANK HOLDING COMPANY", ON OR AFTER
JULY 1, 1989, MEANS A BANK HOLDING COMPANY OTHER THAN A MARYLAND
BANK HOLDING COMPANY.

(I) THAT HAS ITS PRINCIPAL PLACE OF BUSINESS IN
A JURISDICTION PERMITTING A MARYLAND BANK HOLDING COMPANY TO
ACQUIRE A BANK OR A BANK HOLDING COMPANY IN THAT JURISDICTION ON
A RECIPROCAL BASIS;

(II) THAT IS NOT CONTROLLED BY A BANK HOLDING
COMPANY OTHER THAN AN OUT OF STATE BANK HOLDING COMPANY; AND

(III) THAT IS NOT A FOREIGN BANK AND IS NOT
CONTROLLED BY A FOREIGN BANK AS DEFINED IN THE FEDERAL
INTERNATIONAL BANKING ACT OF 1978, AS AMENDED, 12 U.S.C. §

3101(7) OTHER THAN A FOREIGN BANK THAT HAS DESIGNATED A

JURISDICTION PERMITTING MARYLAND BANK HOLDING COMPANIES TO

ACQUIRE BANKS AND BANK HOLDING COMPANIES IN THAT JURISDICTION ON
A RECIPROCAL BASIS AS ITS HOME STATE PURSUANT TO 12 U.S.C. §
3103(C).

(M) "PRINCIPAL PLACE OF BUSINESS" OF A BANK HOLDING COMPANY
MEANS THE JURISDICTION IN WHICH THE TOTAL DEPOSITS OF THE BANK
SUBSIDIARIES OF THE BANK HOLDING COMPANY ARE THE GREATEST.