{"data":{"id":"us-dc/d.c.-code-26-733","jurisdiction":"us-dc","citation":"D.C. Code § 26-733","heading":"De novo branching or acquisition of a branch into a state other than the District.","body":"(a)\nWith the approval of the Superintendent [Commissioner of the Department of Insurance, Securities, and Banking], a District state bank may establish and maintain a de novo branch or acquire a branch in a state other than the District.\n\n(b)\nA District state bank (“applicant”) desiring to branch into a state other than the District under this section shall file an application on a form provided by the Superintendent [Commissioner] and pay a branching fee of $500 to the Superintendent [Commissioner]. If, within 30 days after receipt of the application, the Superintendent [Commissioner] determines that the applicant possesses sufficient resources to branch into a state other than the District, the Superintendent [Commissioner] shall approve the application.\n\n(c)\nIn reviewing the application, the Superintendent [Commissioner] shall consider the views of the state bank supervisor of the host state where the branch is proposed to be located.\n\n(d)\nIf the Superintendent [Commissioner] fails to approve or disapprove an application within 30 days of receipt, the application shall be deemed approved. The Superintendent [Commissioner] may extend this 30-day review period for an additional 30 days upon a showing of good cause.\n\n(e)\nA District state bank that branches into a state other than the District may exercise, at that branch, all rights and powers permitted to banks chartered by that state unless the Superintendent [Commissioner] determines that the exercise of such rights or powers would threaten the safety and soundness of the District bank.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 7. Interstate Banking and Branching.","Subchapter II. Interstate Banking and Branching."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-733","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"01dae85d136c6dd10e407ca1bf10d77b0fbf5974399b70a40471cc9923381cd4","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-732","next":"us-dc/d.c.-code-26-734"},"notice":"GroundRules: Original legal text. Not legal advice."}