# Financial Institutions (GFI)

## Title 12. Miscellaneous Institutions and Activities

### Subtitle 2. Foreign Banks

#### Section 12-207

(a) Except as provided in subsection (b) of this section, a foreign banking corporation may not have an office in this State for any purpose unless:

  (1) The foreign banking corporation obtains from the Commissioner a permit for the office; or

  (2) The office is authorized under:

    (i) The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 or other federal law; or

    (ii) Title 5, Subtitle 9 or Subtitle 10 of this article.

(b) A foreign banking corporation that maintains another license issued by the Commissioner is exempt from obtaining a permit under this section.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)