§412:12-103 - Authority of Hawaii state banks to establish a de novo interstate branch or acquire an interstate branch.
[§412:12-103] Authority of Hawaii statebanks to establish a de novo interstate branch or acquire an interstate branch. (a) With the prior approval of the commissioner, any Hawaii state bank mayestablish and operate a de novo branch or acquire and operate a branch in astate other than Hawaii.
(b) A Hawaii state bank desiring to establishand operate a de novo branch or acquire and operate a branch in another stateunder this section shall comply with, and the application shall be processed inaccordance with sections 412:3-503 and 412:3-505. In acting on theapplication, the commissioner shall consider the views of the appropriate banksupervisory agencies. The applicant bank may establish and operate the branchwhen it has received the written approval of the commissioner. [L 1996, c 155,pt of §1]