The provisions of this subtitle which authorize an out–of–state bank holding company to acquire and hold certain institutions are only in effect through June 1, 1986. Any acquisition that was approved under this subtitle before June 1, 1986, remains subject to the terms and conditions that were in effect before that date, including the authorizations […]
(a) This subtitle sets forth the conditions under which an out-of-state bank holding company may acquire and hold: (1) One or more savings and loan associations to be converted into one or more commercial banks; or (2) One or more newly-formed commercial banks that have acquired or acquire one or more savings and loan associations. (b) The acquisition of […]
(a) An out–of–state bank holding company may acquire one or more savings and loan associations and convert one or more of the acquired savings and loan associations into one or more commercial banks or one or more newly–formed commercial banks that have acquired or will acquire one or more savings and loan associations, if the out–of–state […]
If the Commissioner deems it appropriate in order to consummate an acquisition under this subtitle, the Commissioner may: (1) Convert the charter, form of ownership, or operating powers of a savings and loan association into the charter, form of ownership, or operating powers of a commercial bank; (2) Authorize the consolidation, merger, or transfer of assets of […]
(a) Except as provided in subsections (b), (c), (d), and (e) of this section, a commercial bank acquired under this subtitle may exercise all the powers of, and shall be subject only to those restrictions imposed on a commercial bank owned by a Maryland bank holding company under applicable State law. (b) A commercial bank that results […]
(a) Notwithstanding any other provisions of law to the contrary, the Commissioner may: (1) Exercise any State regulatory approval that may be required to complete a plan of acquisition under this subtitle; and (2) Waive any procedural requirements, including publication and hearing procedures, if the Commissioner determines that prompt approval of the application protects the best interests of […]
Upon and after the acquisition of each savings and loan association or commercial bank successor to a savings and loan association to be acquired under this subtitle, the out-of-state bank holding company and the acquired institution shall, unless otherwise determined in writing by the Fund Director to be in the best financial interest of the […]
