N.Y. Banking Law Section 223-A
Establishment of branches by out-of-state banks by de novo branching


In addition to the authority of an out-of-state bank to maintain a branch or branches by means of an acquisition transaction, an out-of-state bank may establish one or more de novo branches in this state; provided, however, that an out-of-state state bank shall obtain the superintendent’s prior approval in accordance with the requirements in § 224 (Application for the establishment of branches or trust offices not resulting from an acquisition transaction)section two hundred twenty-four of this chapter.

Source: Section 223-A — Establishment of branches by out-of-state banks by de novo branching, https://www.­nysenate.­gov/legislation/laws/BNK/223-A (updated Sep. 22, 2014; accessed Mar. 23, 2024).

Accessed:
Mar. 23, 2024

Last modified:
Sep. 22, 2014

§ 223-A’s source at nysenate​.gov

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