The Director of the Department of Consumer and Business Services shall issue a certificate of authority to conduct banking business in this state to an out-of-state bank or extranational institution that applies for the certificate under ORS § 713.140 and that otherwise complies with the requirements of this chapter. [Amended by 1965 c.170 § 3; 1973 c.797 § 310; 1975 c.725 § 11; 1983 c.37 § 23; 1987 c.197 § 8; 1989 c.324 § 55; 1991 c.67 § 190; 1997 c.631 § 287; 2011 c.263 § 4]