ORS 714.095¹
Establishment of branches by out-of-state banks in this state
  • powers and activities at branches

(1) An out-of-state bank may occupy and maintain the out-of-state bank’s initial branches in this state if and only if the out-of-state bank acquires the branches in accordance with ORS chapters 711 and 713.

(2) An out-of-state bank that is properly occupying and maintaining one or more branches in this state in accordance with ORS chapters 711 and 713 may thereafter open, occupy and maintain one or more additional branches in this state.

(3) An out-of-state bank that acquires branches in accordance with ORS chapters 711 and 713 is entitled to exercise powers and engage in activities at the out-of-state bank’s branches in this state as provided in ORS 713.010 (Application of Bank Act to out-of-state banks and extranational institutions) and applicable federal law. [1997 c.631 §324; 2015 c.244 §88g]

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