Current through Reg. 49, No. 38; September 20, 2024
(a) Filing Fees. An
applicant must pay the following filing fees:
(1) Charter Application and Amendments.
(A) Charter application: $10,000.
(B) Change of name: $500.
(C) Certificate of formation or bylaws
amendments: $100 per request.
(2) Office Locations.
(A) Branch office (other than a mobile
facility): $1,500.
(B) Mobile
facility: $500, plus $100 for each location where the mobile facility is to be
conducting banking business for purposes of §
60.132 of this title (relating to
Mobile Facility).
(C) Relocate home
or branch office: $500.
(3) Reorganization, merger, consolidation,
conversion, or purchase and assumption:
(A)
For a reorganization, merger, or consolidation transaction in which the
resulting institution will be a savings association, a fee of $2,500 for each
financial institution involved in the transaction.
(B) For a purchase and assumption transaction
by a savings association as purchaser, a fee of $2,000 for each financial
institution involved in the transaction.
(C) For the conversion by a financial
institution that is not a savings association into a savings association, the
fee will be determined based on the total asset size of the institution, as
follows:
(i) $0 - 125 million:
$2,500.
(ii) $125 million - $500
million: $5,000.
(iii) $500 million
- 1 billion: $10,000.
(iv) over 1
billion - $15,000.
(D)
For the conversion of a savings association into another type of financial
institution charter, or a reorganization, merger, or consolidation transaction
that otherwise results in a savings association reorganizing into, or merging
or consolidating with a financial institution that is not a savings
association, no fee will be assessed.
(E) for the conversion of a mutual
association into a capital stock association, a fee of $7,500.
(4) Change of control (obtaining
control of a savings association): $5,000.
(5) Permission to issue capital notes or
debentures: $1,000.
(6) Holding
company registration: $2,000.
(7)
Investment in subsidiaries.
(A) Initial
investment: $1,500, plus $100 for each office other than the home office of the
proposed subsidiary.
(B) Service
subsidiary application to engage in a new activity: $500.
(C) Redesignation of operating subsidiary:
$300.
(D) Change of name:
$100.
(E) Relocate home or branch
office: $100.
(b) Reimbursement for Costs. In addition to
filing fees established in subsection (a) of this section, the applicant must
reimburse the Department for any costs incurred in connection with
investigating or conducting a hearing on the application, including travel
expenses.
(c) Protest Filing Fee. A
person filing a protest to an application or otherwise requesting a hearing on
an application (other than the applicant) must pay a fee of $2,500 at the time
the protest or request for hearing is filed.
(d) Fees Nonrefundable; Discretion to Waive
Fees and Costs. All filing fees must be paid at the time the application is
filed and are nonrefundable. Except for fees set or required by statute, the
Commissioner, in his or her sole discretion, may waive, in whole or in part,
any fees or costs required by this section.
