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Banks, Credit Unions, and Trust Companies - Financial Regulation

Last reviewed / updated: January 26, 2024

Depository Supervision

The Office’s Depository Supervision Unit is responsible for the regulation, supervision, and examination of all Maryland-chartered banks, credit unions and trust companies. For questions related to regulatory examinations, please email the Assistant Commissioner for Depository Supervision or call (410) 230-6022.

Corporate Activities

The Office’s Corporate Activities Unit is responsible for the review and processing of applications filed by banks and trust companies for mergers, acquisitions, affiliates, branches, stock acquisitions, and conversions. The Unit also processes applications filed by incorporators for de novo bank or trust company charters and other applications required under Md. Code Ann., Fin. Inst. For questions about depository corporate activities, please email the Assistant Commissioner for Corporate Activities or call or (410) 230-6104.

Resources for Depository Institutions

Selected Bank, Credit Union and Trust Company Topics

Guidance and Documents

Application Forms and Instructions

Banking Institution and Credit Union Fees

  • Affiliate: $750
  • Articles of Amendment: $20
  • Bank Branch: $600
  • Bank Holding Company: $1,500
  • Conversions to a Maryland State Charter: $7,000
  • Credit Union Branch: $100
  • De Novo Bank Charters: $15,000
  • De Novo Non-Depository Trust Company: $15,000
  • Foreign Bank Representative Office Permit: $500
  • Mergers/Acquisitions Among 2 Commercial Banks: $3,000
  • Mergers/Acquisitions Among 3 or More Commercial Banks: $5,000
  • New Bank Charters: $15,000
  • New Credit Union Charters: $500
  • New Non-Depository Trust Company: $15,000

Miscellaneous Fees

  • Certified Copies of Documents: $50
  • Certificate of Valid Charter: Requested on behalf of or by a banking institution: $25
  • Certificate of Valid Charter: Requested by a person other than a banking institution: $50

Laws, Rules, and Regulations

Banking institutions and credit unions are expected to be knowledgeable about and in compliance with Maryland banking laws, and any other applicable State and Federal laws, rules, and regulations. Maryland laws, rules, and regulations can be found by accessing the Annotated Code of Maryland and Rules and Code of Maryland Regulations (COMAR). Certain relevant Maryland laws, rules, and/or regulations include (NOTE: this is not a comprehensive list):