Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1075 - SAVINGS BANK ACT
Subpart O - CONVERSION OF MUTUAL SAVINGS BANK TO CAPITAL STOCK SAVINGS BANK
Section 1075.2400 - Proxy Statement - Capitalization

Universal Citation: 38 IL Admin Code ยง 1075.2400

Current through Register Vol. 48, No. 12, March 22, 2024

a) Set forth in substantially the tabular form indicated below the dollar amounts of the capitalization of the applicant. Captions in the following form may be modified as appropriate.

(A)

(B)

(C)

Capitalization

as of Most Recent Balance Sheet Date

Pro forma adjustments

as a Result of Conversion

Pro forma Capitalization, After Giving Effect to the Conversion

Deposits

FHL bank advances.............

Other....................................

Borrowings

Capital Stock.......................

Preferred stock

Paid-in capital......................

Retained earnings:

Restricted............................

Unrestricted.........................

Total............

b) In furnishing the information required by subsection (a), the following shall apply:

1) With respect to capital stock, indicate in the table or in a footnote the total number of shares to be authorized, the par or stated value of such shares, and the number of shares to be sold as part of the conversion.

2) With respect to the funds to be received by the applicant from the sale of its capital stock, indicate in the table the estimated total amount of funds to be obtained, and in a footnote, state the price per share used in making the estimate. The total amount and price per share shall be clearly identified as being estimates.

3) With respect to Column A, the applicant should use the most recent balance sheet date required by Section 1075.2450.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.