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This entry was published on 2014-09-22
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SECTION 224-A
Change of location of branches or trust offices by out-of-state state banks or out-of-state state-chartered trust companies
Banking (BNK) CHAPTER 2, ARTICLE 5-C
§ 224-a. Change of location of branches or trust offices by
out-of-state state banks or out-of-state state-chartered trust
companies. An application for approval containing such information as
the superintendent deems necessary shall be submitted by an out-of-state
state bank or an out-of-state state-chartered trust company prior to the
relocation of a branch or trust office in this state. At the time of
making such application, an investigation fee as prescribed pursuant to
section eighteen-a of this chapter shall be paid to the superintendent
for each branch or trust office for which approval is sought. If the
superintendent shall be satisfied that such relocation may be permitted
under the terms of this chapter and that there is no reasonable
objection to such change, he or she shall approve such application.