Title 12 — Banks and BankingRelease 119-73not60
§5451 Branching
Title 12 › Chapter 53— WALL STREET REFORM AND CONSUMER PROTECTION › Subchapter III— TRANSFER OF POWERS TO THE COMPTROLLER OF THE CURRENCY, THE CORPORATION, AND THE BOARD OF GOVERNORS › Part C— Other Matters › § 5451
Summary
Even if other federal or state laws say otherwise, a savings association that becomes a bank may keep any branch or agency it had before converting. It may also open, buy, or run new branches in any State where it had a branch before, but only if that State’s law allows it.
Full Legal Text
Title 12, §5451
Banks and Banking — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
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 July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5451
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60