(a) With the prior approval of the Commissioner, any territorial bank may establish and operate a de novo branch or acquire and operate a branch outside Guam, including in another state.

(b) A territorial bank desiring to establish and operate a de novo branch or acquire and operate a branch under this Section shall comply with, and the application shall be processed in accordance with § 106601 of this Chapter. In acting on the application, the Commissioner shall

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consider the views of the appropriate bank supervisory agencies. The applicant territorial bank may establish and operate the branch when it has received the written approval of the Commissioner.