PARRIS N. GLENDENING, Governor                                 Ch. 213

(1)      A NATIONAL BANKING ASSOCIATION WITH ITS MAIN OFFICE IN A
STATE OTHER THAN THIS STATE; OR

(2)      AN OTHER-STATE BANK.
5-1002.

THIS SUBTITLE SETS FORTH THE CONDITIONS UNDER WHICH:

(1)      AN OUT-OF-STATE BANK MAY ESTABLISH BRANCHES IN THIS STATE;
AND

(2)      A BANKING INSTITUTION MAY ESTABLISH BRANCHES WITHIN OR
OUTSIDE THIS STATE.

5-1003.

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.

5-1004.

A BANKING INSTITUTION MAY ESTABLISH A BRANCH IN ANOTHER STATE BY
ANY MEANS PERMITTED BY THE LAWS OF THAT STATE OR BY FEDERAL LAW.

5-1005.

(A) A BANKING INSTITUTION THAT PROPOSES TO ESTABLISH A BRANCH IN
THIS STATE OR IN ANOTHER STATE SHALL:

(1) FILE WITH THE COMMISSIONER, AT LEAST 30 DAYS BEFORE THE
INTENDED OPENING DATE, A NOTICE OF INTENTION TO OPEN A BRANCH:

(2) SUBMIT TO THE COMMISSIONER ANY INFORMATION THE
COMMISSIONER REQUIRES IN ORDER TO EVALUATE THE PROPOSED BRANCH: AND

(3) PAY TO THE COMMISSIONER A BRANCH FEE OF $500.

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