Maryland Financial Institutions Section 3-206
§ 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.