(a) Subject to subsection (b) of this section, in deciding whether to approve a branch of a banking institution, the Commissioner shall consider: (1) If the branch is to be established in this State, whether the establishment of the branch will promote the public convenience; (2) Whether the applicant has sufficient capital to support the branch; and (3) Whether the applicant is generally operating in compliance with the provisions of this article. (b) (1) Subject to paragraph (2) of this subsection, a well-capitalized banking institution with a composite CAMELS rating of one or two may open a branch in this State without the approval of the Commissioner 30 days after filing an expedited notice for the proposed branch under § 5-1005(b) of this subtitle. (2) The Commissioner may: (i) Require the submission of additional information regarding the proposed establishment of a branch during the 30-day period that the expedited notice is pending; and (ii) Prohibit the establishment of the branch within the 30-day period if the Commissioner determines that establishment of the branch is not consistent with the standards set forth in subsection (a) of this section.
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