N.Y. Banking Law Section 29
Branch offices

  • public accommodation offices
  • approval or refusal
  • certificate
  • investigation fee
When a banking organization seeks to open a branch office or public accommodation office, it shall submit a written application to the superintendent. The application shall contain such information as the superintendent deems necessary. At the time of making such application, an investigation fee as prescribed pursuant to § 18-A (Application fees)section eighteen-a of this article shall be paid to the superintendent for each branch office or public accommodation office for which leave to open is sought. If the superintendent finds that the opening of the branch office or public accommodation office is consistent with the declaration of policy set forth in § 10 (Declaration of policy)section ten of this article and that the applicant is in compliance with § 28-B (Credit needs of local communities)section twenty-eight-b of this article, he or she shall issue a certificate in triplicate under his or her hand and the official seal of the department authorizing the opening and occupation of such branch office or public accommodation office and specifying the date on or after which and the conditions under which it may be opened and the place where it shall be located. The superintendent shall cause one of such triplicate certificates to be transmitted to the applicant, another to be filed in the office of the department and the third to be filed in the office of the clerk of the county in which the principal office of the applicant is located. If the superintendent shall not find that the opening of the branch or public accommodation office is consistent with the declaration of policy set forth in § 10 (Declaration of policy)section ten of this article or that the applicant is in compliance with § 28-B (Credit needs of local communities)section twenty-eight-b of this article, he or she shall notify the applicant that the application has been denied. No investigation fee for branch applications shall be collected from applicants if such branch applications are filed in conjunction with proceedings under section one hundred thirty-six, four hundred ten or subdivision eight of § 605 (Voluntary liquidation)section six hundred five of this chapter.

Source: Section 29 — Branch offices; public accommodation offices; approval or refusal; certificate; investigation fee, https://www.­nysenate.­gov/legislation/laws/BNK/29 (updated Sep. 22, 2014; accessed Apr. 20, 2024).

10
Declaration of policy 11
Department of financial services 12‑A
Power of state chartered banking institutions to exercise the rights of counterpart federally chartered banking institutions 14
Additional powers of the superintendent 14‑A
Rate of interest 14‑B
Power of the superintendent of financial services to prescribe minimum rate of interest on mortgage escrow accounts 14‑C
Power of the superintendent of financial services to prescribe criteria for disclosure of information on savings and time accounts 14‑D
Power of the superintendent of financial services to prescribe a reasonable period of time permitting the drawing on items received for d... 14‑E
Power of the superintendent to authorize the operation of savings banks and savings and loan associations in stock form 14‑F
Power of the superintendent of financial services to require the provision of basic banking services 18
Fees for copies and certifications 18‑A
Application fees 18‑B
Holocaust reparations payment fees 19
Assessments for deficiency in reserves against deposits 20
Assessments, penalties and forfeitures entitled to priority 21
Collection of assessments, penalties and forfeitures 22
Fingerprints 23
Acceptance or rejection of certificate 24
Investigation by superintendent 25
Authorization certificate 25‑A
Authority of superintendent to file organization certificate and issue authorization certificate under certain conditions 26
Licenses to foreign banking corporations 27
Exchange and examination of securities 28
Change of location 28‑A
Temporary change of location 28‑B
Credit needs of local communities 28‑BB
Credit needs of local communities 28‑C
Branch office closings 29
Branch offices 30
Unclaimed amounts 31
Index of persons entitled to unclaimed amounts 32
Insurance of deposits and share accounts 33
Reserve depositaries 34
Superintendent as attorney to accept service of process 36
Examinations 36‑A
Reports of lending by banking organizations 36‑B
Preservation of books and records 37
Reports to superintendent 37‑A
Submission of annual reports by the Holocaust claims processing office 38
Power of subpoena 39
Orders of superintendent 40
Revocation of authorization certificate or license or suspension of activities in certain cases 41
Removal of director, trustee or officer 42
Official acts of superintendent and details of department business to be made public 44
Violations 44‑A
Violations and penalties 45
Export finance awareness program
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Accessed:
Apr. 20, 2024

Last modified:
Sep. 22, 2014

§ 29’s source at nysenate​.gov

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