New York Banking Law Section 223-A - Establishment of branches by out-of-state banks by de novo branching.

  223-a.  Establishment  of branches by out-of-state banks by de novo
  branching. In addition to the  authority  of  an  out-of-state  bank  to
  maintain a branch or branches by means of an acquisition transaction, an
  out-of-state  bank  may  establish  one or more de novo branches in this
  state; provided, however, that an out-of-state state bank  shall  obtain
  the  superintendent's prior approval in accordance with the requirements
  in section two hundred twenty-four of this chapter.

Last modified: February 3, 2019