(a) (1) A state bank, a state trust company, or a savings association chartered under the laws of this state may establish and maintain a new trust office or representative trust office or acquire and maintain a trust office or representative trust office in a state other than this state.(2) A trust institution desiring to establish or acquire and maintain a trust office or representative trust office in another state under this section shall file an application in the form prescribed by the Bank Commissioner.(3) The application required under subdivision (a)(2) of this section shall provide:(A) The name of the trust institution;(B) The location of the proposed trust office or representative trust office;(C) A general description of the surrounding market area;(D) Whether or not the location will be owned or leased;(E) Whether or not the laws of the jurisdiction where the trust office or representative trust office will be located permit the trust office or representative trust office to be maintained by the trust institution;(F) A copy of the resolution adopted by the board authorizing the out-of-state trust office or representative trust office; and(G) The payment for the filing fee, if any, prescribed by the commissioner.
(1) A state bank, a state trust company, or a savings association chartered under the laws of this state may establish and maintain a new trust office or representative trust office or acquire and maintain a trust office or representative trust office in a state other than this state.
(2) A trust institution desiring to establish or acquire and maintain a trust office or representative trust office in another state under this section shall file an application in the form prescribed by the Bank Commissioner.
(3) The application required under subdivision (a)(2) of this section shall provide:(A) The name of the trust institution;(B) The location of the proposed trust office or representative trust office;(C) A general description of the surrounding market area;(D) Whether or not the location will be owned or leased;(E) Whether or not the laws of the jurisdiction where the trust office or representative trust office will be located permit the trust office or representative trust office to be maintained by the trust institution;(F) A copy of the resolution adopted by the board authorizing the out-of-state trust office or representative trust office; and(G) The payment for the filing fee, if any, prescribed by the commissioner.
(A) The name of the trust institution;
(B) The location of the proposed trust office or representative trust office;
(C) A general description of the surrounding market area;
(D) Whether or not the location will be owned or leased;
(E) Whether or not the laws of the jurisdiction where the trust office or representative trust office will be located permit the trust office or representative trust office to be maintained by the trust institution;
(F) A copy of the resolution adopted by the board authorizing the out-of-state trust office or representative trust office; and
(G) The payment for the filing fee, if any, prescribed by the commissioner.
(b) An applicant under this section may commence business at the additional trust office or representative trust office thirty (30) days after the date the commissioner receives the application, unless the commissioner specifies another date.
(c) (1) The thirty-day period of review under subsection (b) of this section may be extended by the commissioner on a determination that the written notice raises issues that require additional information or additional time for analysis.(2) If the period of review is extended, the trust institution may establish the additional trust office or representative trust office only on prior written approval by the commissioner.
(1) The thirty-day period of review under subsection (b) of this section may be extended by the commissioner on a determination that the written notice raises issues that require additional information or additional time for analysis.
(2) If the period of review is extended, the trust institution may establish the additional trust office or representative trust office only on prior written approval by the commissioner.
(d) (1) The commissioner may deny approval of the additional trust office or representative trust office under this section if the commissioner finds that the applicant lacks sufficient financial resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the proposed additional trust office or representative trust office would be contrary to the public interest.(2) In acting on the notice, the commissioner shall consider the views of the appropriate bank supervisory agencies.
(1) The commissioner may deny approval of the additional trust office or representative trust office under this section if the commissioner finds that the applicant lacks sufficient financial resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the proposed additional trust office or representative trust office would be contrary to the public interest.
(2) In acting on the notice, the commissioner shall consider the views of the appropriate bank supervisory agencies.