(a) Applications for proposed new domestic savings and loan associations or savings banks; proposed branches of existing domestic associations; changes of location or designation of any office; agency; conversions from a federal to state association; changes of name; or amendments of articles of incorporation shall comply with the law and with such instructions, rules and regulations as the commissioner may publish from time to time.

(b) In approving any application under the provisions of this subchapter, the commissioner may impose as conditions of approval any lawful limitations or restrictions which are deemed necessary or appropriate.