§ 5–1005
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 5-1005 (2026)
Title 5. Banking Institutions -- General Provisions
Subtitle 10. Branch Banking
§ 5–1005LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, a banking institution that proposes to establish a branch in this State or in another state shall:
(1)
File with the Commissioner, at least 30 days before the intended opening date, a notice of intention to open a branch; and
(2)
Submit to the Commissioner any information the Commissioner requires in order to evaluate the proposed branch.
(b)
A well–capitalized banking institution with a composite CAMELS rating of one or two may establish a branch in this State by filing with the Commissioner an expedited notice, in the form that the Commissioner requires, at least 30 days before the intended opening date.