Notwithstanding the Federal Deposit Insurance Act ( et seq.), the Bank Holding Company Act of 1956 ( et seq.), or any other provision of Federal or State law, a savings association that becomes a bank may—

((1)) continue to operate any branch or agency that the savings association operated immediately before the savings association became a bank; and

((2)) establish, acquire, and operate additional branches and agencies at any location within any State in which the savings association operated a branch immediately before the savings association became a bank, if the law of the State in which the branch is located, or is to be located, would permit establishment of the branch if the bank were a State bank chartered by such State.