Maryland Financial Institutions Section 3-206

      (a)      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.

      (b)      In addition to the powers set forth elsewhere in this article, a commercial bank may:

            (1)      Receive deposits of money on which interest may be paid;

            (2)      Buy and sell coin and bullion;

            (3)      Buy and sell foreign and domestic exchange;

            (4)      Subject to § 3-604 of this title, accept drafts drawn on it;

            (5)      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;

            (6)      Issue its debt instruments for money that is borrowed or received on deposit or for investment;

            (7)      Lend money on personal security or on real or personal property;

            (8)      Subject to § 3-605 of this title, become owner and lessor of personal property;

            (9)      Subject to § 5-503 of this article, buy, hold, lease, and convey real property;

            (10)      Pledge collateral to secure deposits of:

                  (i)      The federal government or its agencies; or

                  (ii)      Any state or its political subdivisions;

            (11)      Pledge securities to secure the money of an estate administered under the federal bankruptcy laws;

            (12)      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:

                  (i)      Receiving deposits;

                  (ii)      Renewing time deposits;

                  (iii)      Closing loans;

                  (iv)      Servicing loans; or

                  (v)      Receiving payments on loans and other obligations; and

            (13)      Exercise all of the powers usual in carrying on a banking business.