New Hampshire § 383-B:7-702 Branching Authority

New Hampshire Statutes

§ 383-B:7-702 — Branching Authority

New Hampshire § 383-B:7-702

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-BDEPOSITORY BANK ACT

SubdivisionARTICLE 7Branch Offices

This text of New Hampshire § 383-B:7-702 (Branching Authority) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 383-B:7-702 (2026).

Text

No depository bank shall transact any part of its usual business of banking at any branch office except as follows:

(a)Subject to RSA 383-B:7-702(b), a depository bank may establish one or more branch offices or acquire branch offices from any depository bank, national bank, federal savings bank or foreign bank in any location within the state. The commissioner shall not permit a depository bank to establish or acquire a branch office if the dollar volume of the total deposits of the bank is greater than 30 percent of the dollar volume of the total deposits of all banks doing business in this state as determined by the commissioner on the basis of the most recent annual deposit reports of the Federal Deposit Insurance Corporation; nor shall the commissioner permit a depository bank to est

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No depository bank shall transact any part of its usual business of banking at any branch office except as follows:
(a) Subject to RSA 383-B:7-702(b), a depository bank may establish one or more branch offices or acquire branch offices from any depository bank, national bank, federal savings bank or foreign bank in any location within the state. The commissioner shall not permit a depository bank to establish or acquire a branch office if the dollar volume of the total deposits of the bank is greater than 30 percent of the dollar volume of the total deposits of all banks doing business in this state as determined by the commissioner on the basis of the most recent annual deposit reports of the Federal Deposit Insurance Corporation; nor shall the commissioner permit a depository bank to establish or acquire a branch office if the bank is an affiliate of a bank holding company which with all its affiliates then holds a dollar volume of total deposits greater than 30 percent of the dollar volume of total deposits of all banks doing business in this state as determined by the commissioner on the basis of the most recent annual deposit reports of the Federal Deposit Insurance Corporation.
(b) All depository banks shall submit an application to establish a branch office under RSA 383-A:6-602. A depository bank may proceed to establish or acquire the branch office if it is permitted to do so by the commissioner under RSA 383-A:6-604.