Ch. 80

LAWS OF MARYLAND

(ii) A bank organized under the laws of the
United States having banking offices located only in this State;
OR

(III) A BANK RESULTING FROM THE CONVERSION OF A
STATE-CHARTERED SAVINGS AND LOAN ASSOCIATION THAT HAS CONVERTED
TO A MARYLAND BANK UNDER §§ 9-631 THROUGH 9-640 OF THIS ARTICLE,
HAVING BANKING OFFICES LOCATED ONLY IN THIS STATE.

(2) "Maryland bank" does not include any bank
acquired under the authority contained in Title 5, Subtitle 9 of
this article.

(k) "Maryland bank holding company" means a bank holding
company:

(1)  That has its principal place of business in this
State;

(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; and

(3)  That is not controlled by a bank holding company
other than a Maryland bank holding company.

(1) "Out-of-state bank holding company" means a bank
holding company other than a Maryland bank holding company:

(1)  That has its principal place of business in a
jurisdiction within the region that allows acquisition on a
reciprocal basis;

(2)  That has more than 80 percent of the total
deposits of its bank subsidiaries held by bank subsidiaries
located within the region excluding for purposes of applying this
80 percent requirement:

(i) Deposits in bank subsidiaries acquired by
it in accordance with § 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;

(3)  That is not controlled by a bank holding company
other than an out-of-state bank holding company; and

(4)  That is not a foreign bank and is not controlled
by a foreign bank as defined in the Federal International Bank

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