H.B. 1328

VETOES

SUBTITLE 10. BRANCH BANKING.
5-1001.                                                                                               

(A)     IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)     "BANK" HAS THE MEANING STATED IN § 2(C) OF THE FEDERAL BANK
HOLDING COMPANY ACT.

(C)     "BANK SUPERVISORY AGENCY" MEANS:

(1)     THE OFFICE OF THE COMPTROLLER OF THE CURRENCY, THE
FEDERAL DEPOSIT INSURANCE CORPORATION, THE BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM, OR ANY SUCCESSOR TO THESE AGENCIES; OR

(2)     AN AGENCY OF ANOTHER STATE WITH PRIMARY RESPONSIBILITY
FOR CHARTERING AND SUPERVISING BANKS.

(D)     (1) "BRANCH" MEANS A BANK OFFICE OPEN TO THE PUBLIC AT WHICH
DEPOSITS ARE RECEIVED, CHECKS ARE PAID, OR MONEY IS LENT.

(2)      "BRANCH" INCLUDES A MOBILE BRANCH OR OTHER
SPECIAL-PURPOSE FACILITY THAT PERFORMS A FUNCTION OF A BRANCH.

(3)     "BRANCH" DOES NOT INCLUDE AN ELECTRONIC TERMINAL AS
DEFINED IN § 5-502 OF THIS TITLE.

(E)     "DE NOVO BRANCH" MEANS A BRANCH OF AN OUT-OF-STATE BANK OR
BANKING INSTITUTION THAT:

(1)     IS ORIGINALLY ESTABLISHED BY THE OUT-OF-STATE BANK OR
BANKING INSTITUTION AS A BRANCH; AND

(2)     DOES NOT BECOME A BRANCH OF THE OUT-OF-STATE BANK OR
BANKING INSTITUTION AS A RESULT OF:

(I)      THE ACQUISITION BY THE OUT-OF-STATE BANK OR BANKING
INSTITUTION OF AN INSURED DEPOSITORY INSTITUTION OR A BRANCH OF AN
INSURED DEPOSITORY INSTITUTION; OR

(II)    THE CONVERSION, MERGER, OR CONSOLIDATION OF AN
INSURED DEPOSITORY INSTITUTION OR A BRANCH OF AN INSURED DEPOSITORY
INSTITUTION.

(F)     "HOME STATE" MEANS:

(1)     AS TO A NATIONAL BANKING ASSOCIATION, THE STATE IN WHICH
ITS MAIN OFFICE IS LOCATED; AND

(2)     AS TO A STATE-CHARTERED BANK, THE STATE BY WHICH IT IS
CHARTERED.

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