Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 02 - Banking
Article 3 - Organization and Corporate Functions of Banks
3 AAC 02.217 - Application for a mobile facility branch bank

Universal Citation: 3 AK Admin Code 02.217

Current through February 24, 2025

(a) The following information must accompany a bank's application for a mobile facility branch bank:

(1) materials and fee required by 3 AAC 02.215(b)(2) - (5);

(2) a map of the area to be served drawn to a scale that shows at least the community boundaries and indicating
(A) the locations at which the mobile facility branch bank would provide banking services;

(B) the point of origin of and storage location of the proposed mobile facility branch bank when not in use; and

(C) the location and identity of financial institutions within a 25-mile radius of the area to be served by the proposed mobile facility branch bank;

(3) a list of the banking services to be offered by the proposed mobile facility branch bank;

(4) the proposed schedule indicating the time of day and days of the week that the proposed mobile facility branch bank would provide banking services at the indicated locations and whether the proposed mobile facility branch bank would be operated on a year-round or seasonal basis;

(5) security procedures to be used when the proposed mobile facility branch bank is in use and when it is not in use; and

(6) additional information requested by the department.

(b) A proposed change in the daily schedule for a mobile facility branch bank or a change in the location at which a mobile facility branch bank is to provide banking services must be approved in writing by the department at least 30 days before the proposed implementation date of the change.

(c) A bank may not conduct a banking business through a mobile facility branch bank without a certificate of authority for that facility issued by the department. The certificate of authority must be prominently and publicly displayed in the mobile facility branch bank.

(d) Upon written request from a bank and after reviewing the past reports of examination of the bank and finding that the bank is in compliance with the department's recommendations in those reports, the department may waive those requirements referred to in (a)(1) of this section, except that the department will not waive the requirements of 3 AAC 02.215(b)(2) and (3).

Authority:AS 06.05.005

AS 06.05.399

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