Kansas Administrative Regulations
Agency 17 - OFFICE OF THE STATE BANK COMMISSIONER
Article 21 - BANK HOLDING COMPANIES; APPLICATION FOR THE ACQUISITION OF A KANSAS BANK OR BANK HOLDING COMPANY
Section 17-21-3 - Contents of application
Universal Citation: KS Admin Regs 17-21-3
Current through Register Vol. 43, No. 52, December 26, 2024
(a) Each applicant shall respond accurately and fully to all questions contained in the application form provided by the commissioner.
(b) Upon submitting an application, each applicant shall provide the commissioner with the following additional information:
(1) a statement by the applicant
demonstrating that the proposed acquisition is in the interest of the public
and of the depositors and creditors of the bank to be acquired or any bank
subsidiaries of the bank holding company to be acquired;
(2) a copy of all cease and desist orders,
memorandums of understanding or other formal or informal actions taken by any
federal or state regulator, under which the applicant or any of the applicant's
subsidiaries or affiliates has operated within the 18 months preceding the
application;
(3) a copy of the
most recent regulatory examination of any bank or trust company subsidiary or
affiliate of the applicant if a composite rating of "3," "4," or "5" was
received;
(4) a copy of the most
recent report of examination of the bank holding company prepared by the
federal reserve bank or the applicant's state regulator. If the commissioner is
not satisfied that the information provided gives adequate assurance that the
bank or banks to be acquired will be operated safely and soundly, the
commissioner may conduct an examination of the applicant or any of its
subsidiaries or affiliates for the purpose of augmenting such information. The
applicant shall bear the cost of any examination;
(5) all information required by K.S.A. 1995
Supp. 9-1722; and
(6) an analysis demonstrating that the
acquisition will not cause the applicant to exceed limitations imposed by
K.S.A. 1995 Supp.
9-520(a) regarding
concentrations of deposits.
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