PARRIS N. GLENDENING, Governor                          H.B. 1328

(B)     AN OTHER-STATE BANK THAT ESTABLISHES A BRANCH IN THIS STATE
MAY EXERCISE AT THE BRANCH ALL POWERS AND RIGHTS PERMITTED TO BANKING
INSTITUTIONS IN THIS STATE NOTWITHSTANDING ANY OTHER LAW OF THIS STATE TO
THE CONTRARY, UNLESS THAT BANK'S HOME STATE REGULATOR DETERMINES THAT
THE EXERCISE OF A POWER OR RIGHT WOULD THREATEN THE SAFETY AND
SOUNDNESS OF THE OTHER-STATE BANK.

(C)    ANY PERSON AUTHORIZED BY A LAW OF THIS STATE TO ENGAGE IN BUSINESS
WITH BANKS LOCATED IN THIS STATE, INCLUDING THE MAKING OF DEPOSITS, IS
AUTHORIZED TO ENGAGE IN THE SAME BUSINESS WITH AN OTHER-STATE BANK AT
THAT OTHER-STATE BANK'S BRANCH IN THIS STATE.

5-1006. 5-1009.

(A)     SUBJECT TO § 5- 1009 § 5-1012 OF THIS SUBTITLE, THE BANK COMMISSIONER
SHALL HAVE THE POWER TO EXAMINE EVERY BRANCH OF AN OTHER-STATE BANK
LOCATED IN THIS STATE FOR THE SAME PURPOSES AND TO THE SAME EXTENT AS
THE BANK COMMISSIONER MAY EXAMINE A BRANCH OF A BANKING INSTITUTION.

(B)     THE BANK COMMISSIONER MAY ENTER INTO AGREEMENTS WITH BANK
SUPERVISORY AGENCIES REGARDING THE SCOPE, TIMING, COORDINATION, AND
FREQUENCY OF EXAMINATIONS AND OTHER SUPERVISORY MATTERS, INCLUDING
THE SHARING OF INFORMATION OBTAINED THROUGH EXAMINATION OF
OTHER-STATE BANKS THAT MAINTAIN BRANCHES IN THIS STATE.

(C)     SUPERVISORY AND EXAMINATION FEES RELATED TO THE BANK
COMMISSIONER'S OVERSIGHT OF MARYLAND BRANCHES OF OTHER-STATE BANKS
AND BRANCHES OF BANKING INSTITUTIONS IN OTHER STATES MAY BE IMPOSED
AND SHALL BE CALCULATED IN THE MANNER AGREED TO BETWEEN THE BANK
COMMISSIONER AND THE HOME STATE REGULATORS.

5-1007. 5-1010.

(A)     SUBJECT TO § 5-1009 § 5-1012 OF THIS SUBTITLE, IF THE BANK
COMMISSIONER FINDS THAT A BRANCH OF AN OTHER-STATE BANK IN THIS STATE IS
BEING OPERATED IN AN UNSAFE OR UNSOUND MANNER OR THERE IS ANY
VIOLATION OF MARYLAND LAW BY THE BRANCH OF THE OTHER-STATE BANK, THE
COMMISSIONER MAY UNDERTAKE ENFORCEMENT ACTIONS AS OTHERWISE
AUTHORIZED UNDER PROVISIONS IN THIS ARTICLE GOVERNING BANKING
INSTITUTIONS.

(B)     THE BANK COMMISSIONER MAY ENTER INTO JOINT ENFORCEMENT
ACTIONS WITH OTHER BANK SUPERVISORY AGENCIES HAVING CONCURRENT
JURISDICTION OVER AN OTHER-STATE BANK THAT HAS A BRANCH IN THIS STATE.

5-1008. 5-1011.

SUBJECT TO § 5-1009 § 5-1012 OF THIS SUBTITLE, THE BANK COMMISSIONER MAY
REQUIRE AN OUT OF STATE A BANK THAT MAINTAINS A BRANCH IN THIS STATE TO
SUBMIT TO THE BANK COMMISSIONER ITS CONSOLIDATED REPORTS OF CONDITION
AND INCOME IN THE FORM SPECIFIED BY THE FEDERAL FINANCIAL INSTITUTIONS
EXAMINATION COUNCIL.

- 4369 -