(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.