N.Y. Banking Law § 223-a: Establishment of branches by out-of-state banks by de novo branching

§ 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 section two hundred twenty-four of this chapter.