Except as otherwise provided in this article, a commercial bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law. In addition to the powers set forth elsewhere in this article, a commercial bank may: Receive deposits of money on which interest may be paid; Buy and sell coin and bullion; Buy and sell foreign and domestic exchange; Subject to § 3–604 of this title, accept drafts drawn on it; Issue letters of credit that authorize the holder to draw drafts on it or on its correspondents payable at sight or at a time not exceeding 1 year; Issue its debt instruments for money that is borrowed or received on deposit or for investment; Lend money on personal security or on real or personal property; Subject to § 3–605 of this title, become owner and lessor of personal property; Subject to § 5–503 of this article, buy, hold, lease, and convey real property; Pledge collateral to secure deposits of: The federal government or its agencies; or Any state or its political subdivisions; Pledge securities to secure the money of an estate administered under the federal bankruptcy laws; Without being deemed a branch of a depository institution affiliate, act in accordance with § 101(d) of the Riegle–Neal Interstate Banking and Branching Efficiency Act of 1994, as agent of any depository institution affiliate in: Receiving deposits; Renewing time deposits; Closing loans; Servicing loans; or Receiving payments on loans and other obligations; and Exercise all of the powers usual in carrying on a banking business.