N.Y. Banking Law Section 318
Branch offices

Any safe deposit company having a capital of one hundred thousand dollars or more may, in accordance with the provisions of article 2 (Department of Financial Services)article two of this chapter, be permitted to open and maintain a branch office or branch offices in the city or village where its principal office is located. Any safe deposit company having a capital of one hundred thousand dollars or more, the majority of stock of which is owned by any other banking organization or a national bank may, in accordance with the provisions of article 2 (Department of Financial Services)article two of this chapter, be permitted to open and maintain a branch office at a location at which such banking organization or national bank is maintaining a duly authorized branch office.

Source: Section 318 — Branch offices, https://www.­nysenate.­gov/legislation/laws/BNK/318 (updated Sep. 22, 2014; accessed Feb. 28, 2026).

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Verified:
Feb. 28, 2026

Last modified:
Sep. 22, 2014

§ 318. Branch offices's source at nysenate​.gov

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