Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 1140 - Division of Finance
Chapter 26 - Interstate Activity by Associations
Section 20 CSR 1140-26.020 - Regional Acquisitions and Mergers

Universal Citation: 20 MO Code of State Regs 1140-26.020

Current through Register Vol. 49, No. 18, September 16, 2024

PURPOSE: This regulation requires associations, foreign associations and savings and loan holding companies to notify the director of a proposed regional acquisition or merger.

(1) Definitions. The words and terms shown as follows when used in this regulation shall have the following meanings:

(A) Foreign association shall mean any federally-chartered or state-chartered association with its principal office located outside Missouri; and

(B) Savings and loan holding company shall mean any company or corporation authorized or existing under the laws of any jurisdiction or authority which directly or indirectly controls a savings and loan association.

(2) Any association, foreign association or savings and loan holding company intending to merge with, or acquire control of, any association, foreign association or savings and loan holding company pursuant to section 369.361, RSMo shall submit written notification to the director of its intention prior to that merger or acquisition.

(3) Any foreign association intending to acquire any proprietary interest in, to gain control of, or to merge or enter into any merger agreement with any Missouri-chartered association must file an application for approval with the director. The director may require the application to include the information specified in section 369.079, RSMo. The applicant must file one (1) copy of any document or report filed with the appropriate federal regulatory agency in connection with the proposed merger or acquisition.

*Original authority: 369.299, RSMo 1971, amended 1994.

Disclaimer: These regulations may not be the most recent version. Missouri 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.
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