Virginia Administrative Code
Title 10 - FINANCE AND FINANCIAL INSTITUTIONS
Agency 5 - STATE CORPORATION COMMISSION
Chapter 20 - BANKING AND SAVINGS INSTITUTIONS
Section 10VAC5-20-30 - Schedule prescribing annual fees paid for examination, supervision, and regulation of state-chartered banks and savings institutions
Pursuant to the provisions of §§ 6.2-908 and 6.2-1202 of the Code of Virginia, the State Corporation Commission hereby sets the following schedule of annual fees to be paid by state-chartered banks, savings institutions, and savings banks for their examination, supervision, and regulation:
| SCHEDULE | |||||
| Asset Interval | Fee | ||||
| Assets Exceeding | But Not Exceeding | This Amount | Plus | Assets Exceeding | |
| $0 | $5 million | $6,900 | 0 | x | |
| 5 million | 25 million | 6,900 | .0004025 | x | $5 million |
| 25 million | 100 million | 14,950 | .00023 | x | 25 million |
| 100 million | 200 million | 32,200 | .0001725 | x | 100 million |
| 200 million | 1 billion | 49,450 | .0001265 | x | 200 million |
| 1 billion | 5 billion | 150,650 | .0001035 | x | 1 billion |
| 5 billion | 564,650 | .0000805 | x | 5 billion | |
The fee assessed using the above schedule shall be rounded down to the nearest whole dollar. The assessment shall be based on the institution's total assets as shown by its Report of Condition as of the close of business for the preceding calendar year.
A bank or savings institution which opens for business January 1 through June 30 shall be assessed a fee of $6,900 for that year.
A bank or savings institution which opens for business on or after July 1 shall be assessed a fee of $5,175 for that year.
Statutory Authority
§§ 6.2-908, 6.2-1202, and 12.1-13 of the Code of Virginia.
