A savings bank shall follow the provisions of chapter 361 and chapter 362 as if it were a bank organized pursuant to those chapters for the following:

1. (1) To apply for and to operate branch offices;
2. (2) To purchase real estate or organize subsidiary corporations;
3. (3) To amend its articles of association and bylaws; and
4. (4) To call and hold meetings of the members or shareholders and directors and to conduct such meetings.

(L. 1997 H.B. 257 § 369.440)