§ 54C-202 – Application requirements.
54C-202. Application requirements. (a) Any out-of-state savings bank desiring to establish a branch office under this Article shall file with the Commissioner of Banks a written application meeting the following requirements: (1) The out-of-state savings bank shall agree to comply with all the applicable rules and regulations, and informational filing requirements contained in the laws […]
§ 54C-203 – Conditions for approval.
54C-203. Conditions for approval. No application by an out-of-state savings bank received under this Article may be finally approved by the Commissioner of Banks unless: (1) The Commissioner of Banks has received in writing approval of the proposed transaction from the supervisor of the out-of-state savings bank; (2) The supervisor of the out-of-state savings bank […]
§ 54C-204 – Special conditions.
54C-204. Special conditions. (a) The Commissioner of Banks may require an out-of-state savings bank to designate one of its branches in North Carolina as a "headquarters branch" and may, by rule, require that reports, books, and records required of savings banks doing business under this Article be available at the designated headquarters branch. (b) Once […]
§ 54C-205 – Powers.
54C-205. Powers. An out-of-state savings bank that establishes a branch in North Carolina may engage in all the activities authorized by North Carolina law for a State savings bank except to the extent that such activities have been expressly prohibited by the state supervisor of the out-of-state savings bank or the laws of the out-of-state […]