§ 13-2-705 — Bank facility not a branch

(a) Notwithstanding any other provision of this act, a
bank may establish and operate a facility which shall not be
considered a branch, but an extension or expansion of an
existing parent bank or branch if the facility is:
(i) Within the boundary lines of a single contiguous
area of property owned or leased and occupied as a place of
business by a parent bank or branch bank, whether or not the
facility is physically connected to the bank or place of
business; or
(ii) Across a street, alley, railroad right-of-way or
thoroughfare from the existing parent bank or branch bank when
such facility is physically connected to the bank or place of
business by a private, enclosed, secure overhead passageway,
underground tunnel or pneumatic tube system; or
(iii) Within one thousand (1,000) yards of the parent
bank or branch bank, whether or not such facility is physically
connected to the bank or place of business, after being granted
prior written approval of the department stating that the
facility qualifies for this exemption.