Title 12 — Banks and Banking
Part C · Chapter 53 — Wall Street Reform and Consumer Protection
§ 5451. Branching
Statutory text
Notwithstanding the Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.), the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.), or any other provision of Federal or State law, a savings association that becomes a bank may—
continue to operate any branch or agency that the savings association operated immediately before the savings association became a bank; and
establish, acquire, and operate additional branches and agencies at any location within any State in which the savings association operated a branch immediately before the savings association became a bank, if the law of the State in which the branch is located, or is to be located, would permit establishment of the branch if the bank were a State bank chartered by such State.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Enhancing Financial Institution Safety and Soundness Act of 2010
Pub. L. 111–203 title III § 341 · 124 Stat. 1376
Enacted · 12 U.S.C. § 5451
(Pub. L. 111–203, title III, § 341, July 21, 2010, 124 Stat. 1540.)
Source evidence
Code source credit
(Pub. L. 111–203, title III, § 341, July 21, 2010, 124 Stat. 1540.)Enacted provision · exact public law section
SEC. 341. BRANCHING. Notwithstanding the Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.), the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.), or any other provision of Federal or State law, a savings association that becomes a bank may— (1) continue to operate any branch or agency that the savings association operated immediately before the savings association became a bank; and (2) establish, acquire, and operate additional branches and agencies at any location within any State in which the savings association operated a branch immediately before the savings association became a bank, if the law of the State in which the branch is located, or is to be located, would permit establishment of the branch if the bank were a State bank chartered by such State.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
The Federal Deposit Insurance Act, referred to in text, is act Sept. 21, 1950, ch. 967, § 2, 64 Stat. 873, which is classified generally to chapter 16 (§ 1811 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 1811 of this title and Tables.
The Bank Holding Company Act of 1956, referred to in text, is act May 9, 1956, ch. 240, 70 Stat. 133, which is classified principally to chapter 17 (§ 1841 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 1841 of this title and Tables.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective 1 day after , except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of this title.