Oklahoma Administrative Code
Title 85 - State Banking Department
Chapter 10 - Supervision, Regulation, and Administration of Banks, Trust Companies, and the Oklahoma Banking Code
Subchapter 9 - New Banks, Branches, and Other Facilities
Section 85:10-9-1 - Application for a new bank or trust company

Universal Citation: OK Admin Code 85:10-9-1

Current through Vol. 42, No. 1, September 16, 2024

In addition to those provisions set out in Article III of the Oklahoma Banking Code, the following requirements must be met:

(1) The application shall be on a form prescribed by the Commissioner, including but not limited to that information required in Section 305 of the Code.

(2) If any of the stock of the proposed bank or trust company is offered to other than the organizers (as provided in Sections 303 or 303.1 of the Code), it shall be offered by an offering circular only in accordance with provisions of 85:10-13-2, the contents of which must be accepted by the Commissioner.

(3) No certificate of authority for a bank shall be approved until an application for federal deposit insurance or for membership in the Federal Reserve System has been approved in accordance with the provisions of Section 313(B)(5) of the Code.

Amended at 14 Ok Reg 3559, eff 8-1-97 (emergency); Amended at 15 Ok Reg 2952, eff 7-15-98; Amended at 25 Ok Reg 1064, eff 5-25-08

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