Section 224. Establishment of additional branches by out-of-state state banks

1. Subject to the provisions of this  article,  an  out-of-state  state  bank  which maintains one or more branches in this state may open
  and occupy one or more additional de novo branches in  this  state  with
  prior  approval  of  the  superintendent.  An  application  for approval
  submitted pursuant to this section shall contain such information as the
  superintendent deems necessary. At the time of making such  application,
  an  investigation  fee  as  prescribed pursuant to section eighteen-a of
  this chapter shall be paid to the superintendent for each branch  office
  for  which  approval  is  sought.  If  the superintendent finds that the
  opening of the branch office is not consistent with the  declaration  of
  policy  set forth in section ten of this chapter, he or she shall notify
  the applicant that the application has been denied.
    2. Subject to the  provisions  of  this  article,  if  the  merger  or
  acquisition  agreement  so  provides,  an  out-of-state  state  bank may
  maintain as a branch or branches the place or places of business of  any
  banking  institution which it has received into itself as a result of an
  acquisition transaction authorized by this article.
    3. No out-of-state state bank shall open, occupy or maintain a  branch
  in  this  state  at  a  location  not  permitted  to a like-type banking
  organization.