{"data":{"id":"us-dc/d.c.-code-26-736","jurisdiction":"us-dc","citation":"D.C. Code § 26-736","heading":"Interstate merger transactions by a District state bank.","body":"(a)\nWith the permission of the Superintendent [Commissioner], a District state bank may maintain and operate a branch in a state other than the District pursuant to an interstate merger transaction with an out-of-state bank in which the District state bank is the resulting bank.\n\n(b)\nA District state bank (“applicant”) desiring to establish and maintain a branch in another state under this section shall file an application on a form provided by the Superintendent [Commissioner] and pay a merger fee to be determined by the Superintendent [Commissioner]. If, within 30 days of receipt of the application, the Superintendent [Commissioner] determines that the applicant possesses sufficient financial resources, sufficient managerial and professional experience, and that the proposed merger is in the public interest, the Superintendent [Commissioner] shall approve the application for an interstate merger transaction and for the operation of branches in a state other than the District by the District state bank.\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 interstate merger transaction is to be consummated.\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 establishes and maintains a branch in a state other than the District pursuant to an interstate merger transaction may exercise, at such 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 state 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/26-736","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"a1055a2568d379593ab5af5e794dc422079f7ac5308b7c5905127262bcdf2b7b","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-735","next":"us-dc/d.c.-code-26-737"},"notice":"GroundRules: Original legal text. Not legal advice."}