Section 1903. Application for Certificate of Authorization
(a) Signature--Every private bank which is required to obtain a new certificate of authorization shall file a written application with the department, which shall be signed in duplicate originals:
(i) in the case of a private bank owned and operated by an individual, by him, and
(ii) in the case of a private bank owned and operated by a partnership, by not less than two of the partners and also, in the case of a private bank filing an application by reason of the admission of a new partner or partners, by the partner or partners being admitted.
(b) Contents--The application shall be in the form prescribed by the department, and shall set forth:
(i) the name of the private bank;
(ii) the location of the place or places of business of the private bank;
(iii) the full name, residence, post-office address and citizenship of the individual applicant or of each partner of the applicant and the names and post-office addresses of the officers or agents in active charge of the business of the private bank;
(iv) the statement that, in the case of a private bank owned by an individual, he is a resident of Pennsylvania, and in the case of a private bank owned by a partnership, at least one partner is or is about to become a resident of Pennsylvania;
(v) in the case of a partnership, the partnership agreement, or a statement that the liability of each partner is unlimited;
(vi) a detailed statement of the resources, liabilities, and net worth of the private bank; and
(vii) any other information bearing upon its financial condition, which the department shall prescribe.