Delaware Administrative Code
Title 5 - Banking
800 - Acquisition of Interests in Banking Institutions Bank Holding Companies
804 - Application for Waiver of Section 803 Conditions
Section 804-5.0 - Findings and Decision
Current through Register Vol. 28, No. 3, September 1, 2024
5.1 No earlier than 20 days after publication of the Notice described in section III of this regulation, the Commissioner shall issue Findings and Decision approving or disapproving the application. In determining whether to approve the application, the Commissioner shall consider the convenience and needs of the public of this State.
1 Notwithstanding the foregoing, a bank seeking a waiver pursuant to Section 803(c) of Title 5, Delaware Code, of any or all of the conditions specified in subsections (a)(1), (a)(2), (a)(3) and (a)(4) of Section 803 of Title 5, Delaware Code, may apply for such waiver as part of an application to merge with an out-of-state bank as provided in regulation 712 (formerly 5.795etal.0016) by including in that application all of the information required by this regulation 805 (formerly 5.803.0011). In such case, banks required to pay the $5,750 fee and $1,150 investigation fee provided in Section 792 of Title 5, Delaware Code, will not be required to pay in addition the $6,000 fee otherwise required by Section 803(c) of Title 5, Delaware Code.
