(b) The director may limit or restrict a banking institution’s ability to establish an additional branch if the director determines that establishing an additional branch would adversely affect the banking institution’s safety and soundness. A banking institution may appeal the director’s decision in a contested case proceeding in accordance with ORS chapter 183.
(2) Mobile banking facilities described in ORS 714.035 and temporary branches are branches for purposes of this section. A temporary branch is a branch that operates for a period not to exceed 60 days, a period that may not be extended. The application fee for a temporary branch is $100. The director may establish rules regarding temporary branches.
(3) Branches to be located in other countries or to be located in dependencies or insular possessions of the United States are subject to the requirements of this section and ORS 714.045. [1997 c.631 §313; 2015 c.244 §88a]