National City Bank v. Turnbaugh

Affirmed by published opinion. Judge GOODWIN wrote the opinion, in which Judge WIDENER and Judge DUNCAN joined.

OPINION

GOODWIN, District Judge:

The issue before us is whether the National Bank Act (“NBA”), 12 U.S.C. §§ 21-216 (2000), and regulations of the Office of the Comptroller of the Currency (“OCC”) preempt Maryland laws requiring the State’s Commissioner of Financial Regulation (“Commissioner”) to exercise certain powers over operating subsidiaries of a national bank. We agree with the district court that the Maryland laws are preempted and affirm.

I

This dispute arose when the…