Where to hold security deposits

[Ari Bachrach]

I'm about to get my first tenant, so I have two quick questions about security deposits in Maryland. 

MD law states that:

> Landlord must keep the security deposit in an interest-bearing insured escrow account in a bank or savings and loan association in Maryland and must administer it for the benefit of the tenant.

Does this exclude any national bank incorporated outside of MD? Bank of America is incorporated in DE and headquartered elsewhere, but they obviously have branches in MD. Does that count?

Secondly, does anyone have recommendations for a local bank that will let me set up several bank accounts for this purpose relatively easily? I'm afraid the primary bank I use is one which does not fit the above requirement so I'm going to be looking elsewhere.