§ 5–1003
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 5-1003 (2026)
Title 5. Banking Institutions -- General Provisions
Subtitle 10. Branch Banking
§ 5–1003LinkCopy Citation
(a)
A banking institution or an out–of–state bank may establish a branch in this State by:
(1)
Subject to subsection (b) of this section, 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.
(b)
An out–of–state bank may establish a de novo branch in this State under subsection (a)(1) of this section only if the home state of the out–of–state bank allows a banking institution to open a de novo branch in its state.
(c)
A banking institution or an out–of–state bank may not establish or maintain a branch in this State on the premises or property of an affiliate if the affiliate engages in commercial activities.