ORS 714.064¹
Time to commence business

A branch shall commence business within one year after the banking institution files notice with the Director of the Department of Consumer and Business Services under ORS 714.025 (Notice required to establish branches in Oregon or outside of Oregon). The director may extend for one additional year the period within which the banking institution may establish the branch. If a branch fails to commence business within the year or any extension of time the director grants, the director shall deem the banking institution to have withdrawn the notice and the branch may not open or operate. [1997 c.631 §319; 2015 c.244 §88f]

Chapter 714

Notes of Decisions

This chapter does not specifically deal with the opera­tion of independent automated branch banks by state banks, therefore they are not permitted. Independent Bankers of Ore. v. Camp, 357 F Supp 1352 (1973)

Atty. Gen. Opinions

Applicability of licensing and registra­tion require­ments under Bank Act to loan solicita­tion office operating in Oregon, (1985) Vol. 44, p 378

1 Legislative Counsel Committee, CHAPTER 714—Branch Banking; Automated Teller Machines, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors714.­html (2019) (last ac­cessed May 16, 2020).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 714, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano714.­html (2019) (last ac­cessed May 16, 2020).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information