Ohio Administrative Code
Title 1301:1 - Division of Financial Institutions: Banks
Chapter 1301:1-4 - Miscellaneous Provisions
Section 1301:1-4-11 - Procedures for relocating a banking office
Current through all regulations passed and filed through September 16, 2024
(A) A bank that intends to relocate a banking office within a one-mile radius of the banking office's current location shall, not less than thirty days prior to the effective date of relocation, give the superintendent of financial institutions written notice that includes:
(B) If federal law requires a bank to give written notice to its federal regulator that meets or exceeds any of the requirements of paragraph (A) of this rule, then the bank may satisfy the requirements of paragraph (A) of this rule by submitting the same notice to the superintendent that the bank submitted to its federal regulator.
(C) For purposes of this rule, the relocation of a banking office includes the consolidation of that office with one or more banking offices within the present service area.
(D) If the date of the relocation stated in the written notice as required by paragraph (A) of this rule changes, the bank shall notify the superintendent in writing of the new date.
(E) In addition to the specific requirements of this rule, the superintendent may at any time require of the bank any other information or actions the superintendent deems necessary or relevant under the circumstances of the relocation.
(F) In emergency circumstances, the superintendent may establish an alternate time period for any time period stated within this rule.
