WILLIAM DONALD SCHAEFER, Governor                      H.B. 1621

1. THE LOWEST MINIMUM AMOUNT OF CAPITAL REQUIRED
UNDER THIS SUBSECTION IF THE BANK IS CONTROLLED BY OR IS UNDER COMMON
CONTROL WITH A BANKING INSTITUTION OR A NATIONAL BANKING ASSOCIATION
WITH IT PRINCIPAL OFFICE LOCATED IN THIS STATE; OR

2. $5 MILLION IF THE BANK IS NOT CONTROLLED BY OR
UNDER COMMON CONTROL WITH A BANKING INSTITUTION OR A NATIONAL
BANKING ASSOCIATION WITH ITS PRINCIPAL OFFICE LOCATED IN THIS STATE.

(3) A commercial bank shall have a surplus in an amount that equals at least
20 percent of its required capital stock.

SECTION 2. AND BE IT FURTHER ENACTED, That the changes in
capitalization requirements made in this Act do not apply to any commercial bank that
has boon issued a certificate of authority to do business under § 3-208 of the Financial
Institutions Article prior to March 1, 1993.

SECTION 3. 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 1993.

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