# Financial Institutions (GFI)

## Title 5. Banking Institutions -- General Provisions

### Subtitle 10. Branch Banking

#### Section 5-1014

(a) An out-of-state bank that proposes to establish a branch in this State:

  (1) Shall qualify under Sec. 7-203 of the Corporations and Associations Article to do business in the State as a foreign corporation; and

  (2) Within 15 days of filing a branch application with the appropriate bank supervisory agency, shall provide the Commissioner with a copy of the branch application.

(b) An out-of-state bank that does not have a branch in this State on September 29, 1995, may not establish a branch in this State before June 1, 1997, unless the laws of that bank's home state would permit a banking institution to establish a branch in that state under substantially similar conditions as those imposed by this subtitle.

(c) An out-of-state bank that has a branch in this State may establish additional branches in this State to the same extent as a banking institution or to the extent otherwise permitted by federal law.

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