§ 5-1001. Definitions

   (a) In general. -- In this subtitle the following words have the meanings indicated.

(b) Affiliate. -- "Affiliate" means any company that controls, is controlled by, or is under common control with another company.

(c) Bank. -- "Bank" has the meaning stated in the Federal Deposit Insurance Act, 12 U.S.C. § 1813(a)(1).

(d) Bank supervisory agency. -- "Bank supervisory agency" means:

   (1) The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, or any successor to these agencies; or

   (2) An agency of another state with primary responsibility for chartering and supervising banks.

(e) Branch. --

   (1) "Branch" means a bank office open to the public at which deposits are received, checks are paid, or money is lent.

   (2) "Branch" includes a mobile branch or other special-purpose facility that performs a function of a branch.

   (3) "Branch" does not include an automated teller machine as defined in § 1-401 of this article.

(f) Commercial activities. -- "Commercial activities" means activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal law.

(g) De novo branch. -- "De novo branch" means a branch of an out-of-state bank or banking institution that:

   (1) Is originally established by the out-of-state bank or banking institution as a branch; and

   (2) Does not become a branch of the out-of-state bank or banking institution as a result of:

      (i) The acquisition by the out-of-state bank or banking institution of an insured depository institution or a branch of an insured depository institution; or

      (ii) The conversion, merger, or consolidation of an insured depository institution or a branch of an insured depository institution.

(h) Home state. -- "Home state" means:

   (1) As to a national banking association, the state in which its main office is located; and

   (2) As to a state-chartered bank, the state by which it is chartered.

(i) Home state regulator. -- "Home state regulator" means the agency in a bank's home state with primary responsibility for chartering and regulating banks.

(j) Host state. -- "Host state" means a state, other than the home state of a bank, in which the bank maintains or seeks to establish a branch.

(k) Insured depository institution. -- "Insured depository institution" means any financial institution the deposits of which are insured by the Federal Deposit Insurance Corporation.

(l) National banking association. -- "National banking association" means a bank chartered under the National Bank Act.

(m) Other-state bank. -- "Other-state bank" means a bank chartered and primarily regulated by another state.

(n) Out-of-state bank. -- "Out-of-state bank" means:

   (1) A national banking association with its main office in a state other than this State; or

   (2) An other-state bank.

HISTORY: 1995, ch. 213, § 2; 2000, ch. 61, § 1; 2006, ch. 636.