PARRIS N. GLENDENING, Governor

H.B. 1328

(G) "HOME STATE REGULATOR" MEANS THE AGENCY IN A BANK'S HOME
STATE WITH PRIMARY RESPONSIBILITY FOR CHARTERING AND REGULATING
BANKS.

(H) "HOST STATE" MEANS A STATE, OTHER THAN THE HOME STATE OF A
BANK, IN WHICH THE BANK MAINTAINS OR SEEKS TO ESTABLISH A BRANCH.

(I) "NATIONAL BANKING ASSOCIATION" MEANS A BANK CHARTERED UNDER
THE NATIONAL BANK ACT.

(J) (I) "INSURED DEPOSITORY INSTITUTION" MEANS ANY FINANCIAL
INSTITUTION THE DEPOSITS OF WHICH ARE INSURED BY THE FEDERAL DEPOSIT
INSURANCE CORPORATION.

(J) "NATIONAL BANKING ASSOCIATION" MEANS A BANK CHARTERED UNDER
THE NATIONAL BANK ACT.

(K) "OTHER-STATE BANK" MEANS A BANK CHARTERED AND PRIMARILY
REGULATED BY ANOTHER STATE.

(K)    (L) "OUT-OF-STATE BANK" MEANS:

(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.

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