Ch. 80

LAWS OF MARYLAND

4. An out-of-state bank holding company
in which all Maryland bank subsidiaries have been in existence
and continuously operated for more than 4 years; and

(iv) The acquisition is subject to any

additional conditions, restrictions, requirements or other
limitations that apply to the acquisition by a Maryland bank

holding company of a bank or bank holding company in the

jurisdiction where the out-of-state bank holding company has its

principal place of business but do not apply to acquisitions by

bank holding companies all of whose bank subsidiaries are located
in that jurisdiction.

(3) For purposes of [item (ii) of this] paragraph
(2)(II) OF THIS SUBSECTION, a Maryland bank shall be considered
to be a Maryland bank holding company.

(e) (1) The period of existence and continuous operation of
any Maryland bank which has merged into, or transferred all or
substantially all of its assets to a Maryland bank shall be
included in the period of existence and continuous operation of
the successor Maryland bank for purposes of satisfying the
longevity requirements of this section.

(2) SUBJECT TO § 5-1008 OF THIS SUBTITLE, FOR THE
PURPOSE OF SATISFYING THE LONGEVITY REQUIREMENTS OF SUBSECTION
(A)(2)(III)2 OF THIS SECTION, THE PERIOD OF EXISTENCE AND
CONTINUOUS OPERATION OF A STATE-CHARTERED SAVINGS AND LOAN
ASSOCIATION THAT HAS CONVERTED TO A MARYLAND BANK UNDER §§ 9-631
THROUGH 9-640 OF THIS ARTICLE SHALL BE INCLUDED IN THE PERIOD OF
EXISTENCE AND CONTINUOUS OPERATION OF THE RESULTING MARYLAND BANK
PROVIDED THAT THE OUT-OF-STATE BANK HOLDING COMPANY HAS ITS
PRINCIPAL PLACE OF BUSINESS IN A JURISDICTION LISTED IN §
5-1001(O)(2) OF THIS SUBTITLE.------------------------------------------

5-1008.

(A)  IN THIS SECTION, "FUND" MEANS THE STATE OF MARYLAND
DEPOSIT INSURANCE FUND CORPORATION.

(B)  FOR THE PURPOSE OF SATISFYING THE LONGEVITY
REQUIREMENTS OF § 5-1003(A)(2)(III)2 OF THIS SUBTITLE, THE PERIOD
OF EXISTENCE AND CONTINUOUS OPERATION OF A STATE CHARTERED
SAVINGS AND LOAN ASSOCIATION THAT HAS CONVERTED TO A MARYLAND
BANK UNDER §§ 9-631 THROUGH 9-640 OF THIS ARTICLE SHALL BE
INCLUDED IN THE PERIOD OF EXISTENCE AND CONTINUOUS OPERATION OF
THE RESULTING MARYLAND BANK IF:

(1) ON THE DATE OF THE CONVERSION, THE PREDECESSOR
SAVINGS AND LOAN ASSOCIATION:

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