§ 1767 Foreign Bank Office Location

• •All office business must be done in a single building or adjoining buildings.
• •Moving part of the business elsewhere is only allowed with good cause and commissioner approval.
• •The rule applies to any foreign bank that is licensed to keep an office.

A German bank that runs a branch office in Los Angeles must keep all its Los Angeles office activities inside one building or in buildings that share a wall, but it can move some tasks to another nearby building if it has a good reason and gets approval from the state banking commissioner.

The bank cannot split its office work across many separate locations unless the commissioner grants an exception for a valid reason.