HRS §412:13-207
Foreign banks cannot have both state and federal branches
Read the official text at capitol.hawaii.gov ↗This section stops foreign banks from running a Hawaii state branch or agency at the same time as a federal branch or agency in Hawaii. If a bank already has a federal branch, it cannot get a state license. If it has a state license, it cannot also have a federal branch.
The statute, as written — No concurrent maintenance of federal branches or agencies
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) No foreign bank that is licensed under this article to establish and maintain a Hawaii state branch or Hawaii state agency shall concurrently maintain a federal branch or federal agency in this State. (b) No foreign bank that maintains a federal branch or federal agency in this State shall concurrently be licensed under this article to maintain a Hawaii state branch or Hawaii state agency.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.