§ 23-48-906 - Powers -- Additional branches. - Arkansas Statutes

23-48-906. Powers -- Additional branches.

(a) An out-of-state state-chartered bank which establishes and maintains one (1) or more branches in Arkansas under this subchapter may conduct any activities at such branch or branches which are authorized under the laws of Arkansas for state banks.

(b) A state bank may conduct any activities at any branch outside Arkansas which are permissible for a bank chartered by the host state in which the branch is located, provided that the Bank Commissioner may prohibit any state bank from engaging in any activity not expressly allowed by the Arkansas Banking Code of 1997, 23-45-101 et seq., 23-46-101 et seq., 23-47-101 et seq., 23-48-101 et seq., 23-49-101 et seq., and 23-50-101 et seq., if the commissioner determines, by order or regulation, that the involvement of out-of-state branches of state banks in such activities would threaten the safety or soundness of state banks.

(c) An out-of-state bank that has established or acquired a branch in Arkansas under this subchapter may establish or acquire additional branches or limited-purpose offices in Arkansas to the same extent that any Arkansas bank may establish or acquire additional branches or limited-purpose offices in Arkansas under applicable state and federal law.