(1) Subject to the provisions of this part, any international banking corporation may establish offices in this state for the purposes of:
(a) Administering personnel and operations;
(b) Engaging in data processing or recordkeeping activities; and
(c) Negotiating, approving, or servicing loans or extensions of credit and investments.
(2) An office established pursuant to the provisions of this section may not engage in any activity except those activities set forth in subsection (1).