Section 305.20  Procedure to Establish and Maintain a Bank Branch

A state bank that is not an eligible bank as defined in Section 305.10 and that seeks to establish and maintain a bank branch inside the United States or any state bank that seeks to establish a branch outside the United States must file a Notice with the Division not less than 30 calendar days before the bank enters into any contract or expends funds on a temporary or permanent branch facility.

(Source:  Amended at 36 Ill. Reg. 6814, effective May 4, 2012)