Maryland Financial Institutions Section 5-1003

      A banking institution or an out-of-state bank may establish a branch in this State by:

            (1)      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.