HRS §412:12-109
State regulator can enforce rules on out-of-state bank branches
If an out-of-state bank's branch in Hawaii breaks state law or is run unsafely, the state banking commissioner can take the same enforcement actions as for a Hawaii bank. The commissioner must tell the bank's home state regulator and work with them when possible. The same enforcement rules apply to these branches as to Hawaii banks.
financial institutionsstate agencies
The statute, as written — Enforcement
If the commissioner determines that a branch maintained by an out-of-state state bank in this State is being operated in violation of any provision of the laws of this State, or that the branch is being operated in an unsafe and unsound manner, the commissioner may take all enforcement actions as the commissioner could take if the branch were a Hawaii state bank; provided that the commissioner shall promptly give notice to the home state regulator of each enforcement action taken against an out-of-state state bank and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving the enforcement action. The enforcement and supervisory powers of the commissioner contained in parts III to VI, article 2 of this chapter shall apply to an out-of-state state bank to the same extent that the provisions are applicable to a Hawaii financial institution.
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