<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="5-1005" title_number="5" title_name="Banking Institutions -- General Provisions" subtitle_number="10" subtitle_name="Branch Banking">
  <level label="a">
    <text>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:</text>
    <level label="1">
      <text>File with the Commissioner, at least 30 days before the intended opening date, a notice of intention to open a branch; and</text>
    </level>
    <level label="2">
      <text>Submit to the Commissioner any information the Commissioner requires in order to evaluate the proposed branch.</text>
    </level>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
</section>
