(a) Except as provided in this section, the Commissioner may not approve a transaction resulting in the establishment of a branch or branches by a bank, other than a de novo branch, if on consummation of the transaction the applicant, including any insured depository institution affiliate of the applicant, would control 30 percent or more of the total amount of deposits of insured depository institutions in this State.
(b) The Commissioner may by regulation adopt a procedure by which the 30 percent deposit limit may be waived for good cause.
Structure Maryland Statutes
Title 5 - Banking Institutions -- General Provisions
Section 5-1002 - Scope of Subtitle
Section 5-1003 - Establishment of Branch -- in Maryland
Section 5-1004 - Establishment of Branch -- in Another State
Section 5-1005 - Establishment of Branch -- Prerequisites
Section 5-1006 - Approval of Branch -- Considerations
Section 5-1007 - Approval of Branch -- Time Limitations
Section 5-1008 - Powers and Rights of Branches; Engaging in Business With Banks
Section 5-1009 - Examinations and Supervision
Section 5-1010 - Enforcement Actions
Section 5-1011 - Reports of Condition and Income
Section 5-1012 - Cooperation With Other State or Federal Regulators
Section 5-1013 - Transactions Resulting in 30 Percent or More Control of Deposits