Maryland Financial Institutions Section 5-1005

Article - Financial Institutions

§ 5-1005.

      (a)      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;

            (2)      Submit to the Commissioner any information the Commissioner requires in order to evaluate the proposed branch; and

            (3)      Pay to the Commissioner a branch fee of $500.

      (b)      The branch fee shall not apply to a branch that is acquired by a banking institution through a merger or consolidation with, or transfer to the banking institution of all or substantially all of the assets of, a bank or an insured depository institution.



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.