Rules & Regulations of the State of Tennessee
Title 0180 - Financial Institutions
Chapter 0180-15 - Rules Pertaining to Acquisitions for Financial Institutions and Holding Companies
Section 0180-15-.03 - APPLICATIONS

Universal Citation: TN Comp Rules and Regs 0180-15-.03

Current through April 3, 2024

(1) An out-of-state holding company, a Tennessee holding company, or out-of-state or in-state financial institution, seeking to acquire, directly or indirectly, a Tennessee state-chartered financial institution where such institution will remain in Tennessee state-chartered institution immediately after the acquisition, shall file with the commissioner of financial institutions:

(a) an application in such form as the commissioner may prescribe from time to time; and

(b) a copy of the completed application or applications which are filed with the appropriate federal regulatory authority with jurisdiction over the proposed acquisition.

(2) The application will be accepted as officially filed when, in the sole determination of the commissioner, the application is deemed complete.

(3) A Tennessee bank holding company or Tennessee-chartered bank seeking to acquire, directly or indirectly, an out-of-state financial institution and merge that institution into a bank chartered by the state of Tennessee, so that the resulting institution is a bank chartered by the state of Tennessee, shall file an application and follow the procedures outlined in T.C.A. §§ 45-2-1304 through 45-2-1306.

Authority: T.C.A. §§ 45-1-107, 45-2-614, 45-2-1304, 45-2-1405, 45-3-801, 45-3-1102, 45-3-1104, 45-3-1403, 45-14-103, and 45-14-113.

Disclaimer: These regulations may not be the most recent version. Tennessee 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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.