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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 2-108

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
(a) The Commissioner shall charge and collect, in advance, the following nonrefundable fees:

(1) An examination fee for a new commercial bank charter under § 3-203 of this article…………………………………………………………………………………………$15,000

(2) A filing fee for an agreement of consolidation, merger, or transfer of assets under § 3-703 of this article:

(i) Between two commercial banks $3,000

(ii) Among three or more commercial banks $5,000

(3) An application fee for a banking institution to have an affiliate under § 5-403 of this article $750

(4) A fee for a conversion of a national banking association, a federal stock savings and loan association, or a federal stock savings bank into a commercial bank under § 3-801 of this article or a federal mutual savings bank into a savings bank under § 4-701.1 of this article:

(i) Filing fee $7,000

(ii) Examination fee $3,000

(5) Subject to subsection (b) of this section, a branch fee for:

(i) An application of a banking institution or other-state bank to open a branch under §§ 5-1003 and 5-1005(a) of this article $600;
or

(ii) An expedited notice of a banking institution or other-state bank to open a branch under §§ 5-1003 and 5-1005(b) of this article $400

(6) An application fee for a foreign banking permit under § 12-208 of this article……………………………………………………………………………………………………….$500

(7) A renewal fee for a foreign banking permit under § 12-210 of this article………………………………………………………………………………………………………………$500

(8) A fee for a certificate of valid charter:

(i) If requested by or on behalf of a banking institution $25

(ii) If requested by or on behalf of a person other than a banking institution………………………………………………………………………………………………………….$50

(9) A fee for a certified copy of a document $50

(10) An application fee for conversion of a savings bank to a capital stock commercial bank under § 4-703 of this article………………………………….$5,000

(b) The branch fee under subsection (a)(5) of this section does not apply to:

(1) A branch that is acquired by a banking institution through a merger or consolidation with, or transfer to the banking institution of all or substantially all of the assets of, a bank or an insured depository institution; or

(2) An other-state bank chartered by a state that does not charge a fee to a banking institution for establishing a branch in that state.