PARRIS N. GLENDENING, Governor

Ch. 326

5-1010.

(a)     Subject to § 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.

5-1011.

Subject to § 5-1012 of this subtitle, the [Bank] Commissioner may require 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.

5-1012.

With respect to the supervision, enforcement, and reporting requirements of §§
5-1009, 5-1010, and 5-1011 of this subtitle, the [Bank] Commissioner shall act primarily
in cooperation with the home state regulator or federal regulator of the affected
out-of-state bank.

5-1014.

(a) An out-of-state bank that proposes to establish a branch in this State:

(1)     Shall qualify under § 7-203 of the Corporations and Associations Article
to do business in the State as a foreign corporation; and

(2)     Within 15 days of filing a branch application with the appropriate bank
supervisory agency, shall provide the [Bank] Commissioner with a copy of the branch
application.

5-1101.

(d) "Commissioner" means the [Bank] Commissioner OF FINANCIAL
REGULATION of this State.

5-1103.

(c)     (1) Except as otherwise provided by law, any person who knowingly submits
false information to the [Bank] Commissioner while complying with this section is guilty
of a misdemeanor.

(2) A person who violates this section is subject to a fine of not more than
$1,000, or imprisonment for not more than 5 years, or both.

(e) (2) As to each conversion, the savings and loan association to be converted
shall file with the [Bank] Commissioner a bank charter and otherwise comply with §
3-203 of this article.

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