If the law or the charter of a bank prohibits the establishment of branches, it of course cannot do so; but if the law of the state prohibits branches of a bank, whether of the state or a foreign bank, and the penalty provided is a forfeiture of the charter, it is inoperative as to foreign banks.1 If private banking is permitted, there is no reason, in the absence of legal prohibition, why a private bank should not have branches; but a corporation has only the powers granted it, and it cannot establish branches unless the power to do so is granted to it.2 If the law permits it and branches are established, whether the branch bank is a separate or the same corporation depends wholly upon the effect to be given to the provisions of the statute.3 A bank may do business anywhere unless prohibited,4 but it cannot change its place of location.5