ARSD 20:07:23:02. Mobile branch banks requiring only notification to director

Any bank desiring to establish a mobile branch bank in the municipality in which the bank has an existing permanent bank or branch bank facility or in any county in this state that does not have a permanent bank or branch bank facility at the time the mobile branch bank is first established shall submit a letter of notice to the director that includes the following: (1) Statement of the area in which the mobile branch bank will operate; and (2) Statement describing the operation of the mobile branch bank.