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Session Laws, 2006
Volume 750, Page 2935   View pdf image
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ROBERT L. EHRLICH, JR., Governor                             Ch. 636 (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)] (H) "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. [(g)] (I) "Home state regulator" means the agency in a bank's home state with
primary responsibility for chartering and regulating banks. [(h)] (J) "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)] (K) "Insured depository institution" means any financial institution the
deposits of which are insured by the Federal Deposit Insurance Corporation. [(j)] (L) "National banking association" means a bank chartered under the
National Bank Act. [(k)] (M) "Other-state bank" means a bank chartered and primarily regulated
by another state. [(1)] (N) "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. 5-1003. (A) 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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Session Laws, 2006
Volume 750, Page 2935   View pdf image
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