Oregon Statutes - Chapter 713 - Out-of-State Banks and Extranational Institutions - Section 713.270 - Out-of-state bank conducting banking business at a branch.

(1) Notwithstanding any other provision of the Bank Act, no out-of-state bank may conduct banking business at a branch located in this state unless the out-of-state bank has converted from, has assumed all or substantially all of Oregon deposit liabilities of or has merged with an insured institution that, by itself or together with any predecessor, has been engaged in banking business or otherwise has been lawfully accepting deposits at an office in this state for a period of not less than three years prior to the effective date of the conversion, assumption or merger.

(2) This section does not prohibit an out-of-state bank lawfully conducting a banking business in this state on October 4, 1997, from continuing to conduct banking business in this state. [1997 c.631 §284]

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Last modified: August 7, 2008