(a) An out-of-state bank that does not have a branch in Georgia and whose deposits are federally insured may, upon obtaining the necessary approvals from its home state regulator, establish and maintain a branch in this state through the acquisition of a branch.(b) A Georgia state bank may establish and maintain a branch in another state through the acquisition of a branch in compliance with the provisions of this article, including, but not limited to, obtaining approval from the department prior to acquiring the branch.Amended by 2021 Ga. Laws 174,§ 26, eff. 7/1/2021.Amended by 2016 Ga. Laws 450,§ 2-26, eff. 7/1/2016.
Georgia Legal Code