17:9A-20.3. Out-of-State, national bank; establishment, maintenance of additional branch office
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/nj/title-17/chapter-9a/17-9a-20-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
13. a. An out-of-State bank with at least one branch office in this State, and a national bank with at least one branch office in this State, may establish and maintain additional branch offices in this State as long as the out-of-State bank or national bank is adequately capitalized as of the date of the application, will be adequately capitalized and managed after the branch is established, and has achieved sufficient compliance with the "Community Reinvestment Act of 1977," 12 U.S.C. 2901 et seq.
b. An out-of-State bank or national bank branching in New Jersey pursuant to this section, shall publish notice of the application in New Jersey in the appropriate trade journals.
L.1996,c.17,s.13.