Louisiana Administrative Code
Title 10 - FINANCIAL INSTITUTIONS, CONSUMER CREDIT, INVESTMENT SECURITIES AND UCC
Part I - Financial Institutions
Chapter 3 - Fees and Assessments
Section I-303 - Establishment of Fees and Assessments

Description

Fee

A. Application for a denovo state bank, savings and loan association or savings bank charter, or the merger or consolidation of two banks, savings and loan associations, or savings banks. The fee for a merger or consolidation may be reduced based on certain factors including, but not limited to: the date of each institution's most recent examination, the financial condition of the applicant, the structure of the institutions, the complexity of the transaction, the number of similar transactions contemplated, and any other factor(s) as determined by the commissioner of Financial Institutions.

$10,000; $5,000 for each additional institution affected.

B. The conversion from a national or federally-chartered depository institution to a state-chartered depository institution.

$1,500

C. Application for a state bank, savings and loan association or savings bank for a branch office.

Standard Form: $1,000

Short Form: $250

D. Processing fee for an application to acquire a failing or failed institution. If the applicant is the successful bidder, the processing fee will be applied to the application fee(s) as set forth in A. and C. above:

1. existing state-chartered financial institution;

$500

per branch

2. denovo state-chartered financial institution.

$5,000

E. Application for a conversion or merger of a state-chartered bank, savings and loan association, or savings bank into a national bank, a federal savings and loan association, or a federal savings bank.

$1,500

F. Application for the organization and/or merger of a stock or mutual holding company for an already existing bank, savings and loan association, or savings bank (phantom).

$2,000

G. Special examination fee for a state bank, savings and loan association, or savings bank. Fee per examiner.

$50/hour

H. Semi-annual assessment of each state-chartered bank, savings and loan association, and savings bank at a floating rate to be assessed no later than June 30 and December 31, to be based on the total consolidated average assets, for the preceding quarter. Not applicable to Trust Banks. Any amounts collected in excess of actual expenditures of the OF I shall be credited or refunded on a pro-rata basis. Any shortages in assessments to cover actual operating expenses of OFI shall be added to the next variable assessment or billed on a pro-rata basis.

Variable

I. Annual assessment of each holding company domiciled in and/or operating in Louisiana, to be assessed no later than September 30 of each year to be based upon the holding company's total consolidated assets as of the previous June 30, in accordance with the following schedule:

1. assets less than $100,000,000

$350

2. assets of $100,000,000 to $149,999,999

$500

3. assets of $150,000,000 or greater

$650

J. Examination fee for holding companies of each bank, savings and loan association, or savings bank domiciled in and/or operating in Louisiana . Fee per examiner.

$50/hour

K. Semi-annual assessment for each bank limited to the exercise of trust powers only and domiciled and operating in Louisiana to be assessed no later than June 30 and December 31.

$500

L. Examination fee for each trust bank domiciled and operating in Louisiana . Fee per examiner.

$50/hour

M. Examination fee for a trust department of a state-chartered bank, savings and loan association, or savings bank. Fee per examiner.

$50/hour

N. Examination of the registered transfer agent activities of a state-chartered bank, savings and loan association, or savings bank. Fee per examiner.

$50/hour

O. Review of a restatement and/or amendment to the Articles of Incorporation of a state-chartered bank, savings and loan association or savings bank.

$250

P. Application by a state-chartered bank, /savings and loan association, or savings bank to exercise trust powers and/or re-institute trust powers formerly surrendered.

$1,000

Q. Application by a state-chartered bank, savings and loan association, or savings bank to establish or acquire a subsidiary or service corporation.

$500

R. Application by an in-state or out-of-state holding company to acquire a Louisiana bank, savings and loan association, or savings bank, or a holding company thereof, or an out-of-state holding company with a Louisiana bank, savings and loan or savings bank subsidiary(-ies).

$1,000; $11,000 if de novo charter also required.

S. Corporate Credit Union Examination Fee

$5,000 plus $400 per day per examiner.

T. Application by a state-chartered bank, savings and loan association, or savings bank to merge with its parent holding company.

$1,000

U. Processing fee for a certificate of authority filed by a state-chartered savings and loan association or savings bank not domiciled in Louisiana to operate a branch in Louisiana .

$1,000

V. Application for conversion by any state-chartered depository institution to another state charter.

$1,500

W. Application for the voluntary conversion of a depository institution from a mutual to a stock form (equity ownership).

$1,500