§3–206.

(a) Except as otherwise provided in this article, a commercial bank has all of the general powers granted to Maryland corporations under the Maryland General Corporation Law.

(b) In addition to the powers set forth elsewhere in this article, a commercial bank may:

(1) Receive deposits of money on which interest may be paid;

(2) Buy and sell coin and bullion;

(3) Buy and sell foreign and domestic exchange;

(4) Subject to § 3-604 of this title, accept drafts drawn on it;

(5) Issue letters of credit that authorize the holder to draw drafts on it or on its correspondents payable at sight or at a time not exceeding 1 year;

(6) Issue its debt instruments for money that is borrowed or received on deposit or for investment;

(7) Lend money on personal security or on real or personal property;

(8) Subject to § 3-605 of this title, become owner and lessor of personal property;

(9) Subject to § 5-503 of this article, buy, hold, lease, and convey real property;

(10) Pledge collateral to secure deposits of:

(i) The federal government or its agencies; or

(ii) Any state or its political subdivisions;

(11) Pledge securities to secure the money of an estate administered under the federal bankruptcy laws;

(12) Without being deemed a branch of a depository institution affiliate, act in accordance with § 101(d) of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, as agent of any depository institution affiliate in:

(i) Receiving deposits;

(ii) Renewing time deposits;

(iii) Closing loans;

(iv) Servicing loans; or

(v) Receiving payments on loans and other obligations; and

(13) Exercise all of the powers usual in carrying on a banking business.