Chapter 220, BANKING

220.01 Definitions. As used in chs. 220 to 224: (1) Unless the context requires otherwise, the term “bank” means any banking institution incorporated under the laws of this state. (1e) “Department” means the department of financial institutions. (1m) “Division” means the division…

220.02 Division; duties. (2) The division shall enforce all laws relating to banks and banking in this state, and shall enforce and cause to be enforced every law relating to the supervision and control thereof, including those relating to: (a) State banks under this chapter and …

220.035 Banking institutions review board. (1) (a) The banking institutions review board shall advise the division and others in respect to improvement in the condition and service of banks and banking business in this state and shall review the acts and decisions of the division…

220.04 Powers of division. (1) (a) The division shall examine at least once every 18 months the cash, bills, collaterals, securities, assets, books of account, condition, and affairs of each bank and trust company bank doing business in this state, except national banks. For that…

220.05 Examination fees and assessments. (1) The division shall assess each state bank and trust company bank for the cost of each examination made, which cost shall be determined by the division and shall include the salaries and expenses of all examiners and other employees of …

220.06 Not to disclose information. (1) In this section, “licensee” means a person licensed by the division under ch. 138, 217 or 218 or under s. 224.72, 224.725, or 224.92. (1m) No division employee may examine a bank or licensee in which that person is interested as a stockhold…

220.065 Immunity. Employees of the division shall not be subject to any civil liability or penalty, nor to any criminal prosecution, for any error in judgment or discretion made in good faith and upon reasonable grounds in any action taken or omitted by the division in the divisi…

220.07 Banks; impairment of capital. (1) CAPITAL IMPAIRED; DEFICIENCY. Whenever the division determines that the capital of any bank is impaired or reduced below the amount required by law or the articles of incorporation, or below the amount certified to the division as paid in,…

220.08 Delinquent banks; division may take possession. (1) Whenever it shall appear to the division that any bank or banking corporation to which this chapter is applicable has violated its charter or any law of the state, or is conducting its business in an unsafe or unauthorize…

220.081 Closed insured banks; federal deposit insurance corporation may be receiver. (1) The division may, in the event of the closing of any bank which is a member of the federal deposit insurance corporation or the deposits in which are to any extent insured by said corporation…

220.082 Closed insured banks; subrogation of federal deposit insurance corporation.

220.085 Federal aid to banks. On approval of the banking institutions review board, any state bank or trust company, or the receiver of any insolvent or delinquent state bank or trust company, may take advantage of any act that may be enacted by the congress of the United States …

220.086 Receiver of delinquent bank may borrow from federal government agency; court order.

220.09 Indemnity fund, national bank. Every national bank which has authority under federal law to act in a fiduciary capacity shall comply with s. 223.02. History: 1995 a. 27, 336.

220.10 Books and accounts; division’s control. Whenever it appears to the division that any bank does not keep books and accounts in such manner as to enable the division to readily ascertain the true condition of such bank, the division may require the officers of such bank to o…

220.12 Attorney general, duty of. All proceedings by any bank to enjoin the division in the discharge of the division’s duties shall be had in the county where said bank is located, or in the supreme court of this state. All suits and proceedings arising out of the provisions of …

220.13 Copies as evidence. Copies of all records and papers held in the division and certified by the division shall be evidence in all cases equally and of like effect as the original. History: 1991 a. 316; 1995 a. 27.

220.14 Division’s report. The division shall publish an annual report and submit the report to the governor and the chief clerk of each house of the legislature for distribution to the legislature under s. 13.172 (2). The report shall: (1) Exhibit the condition of the various ban…

220.17 Effect of consolidating banks and trust companies. (1) Whenever 2 or more banks or trust companies, including national banks, authorized to do a banking business in the state of Wisconsin, shall be consolidated under the charter of one of the consolidating banks or trust c…

220.18 Bank or corporate notaries; permitted acts. It shall be lawful for any notary public who is a stockholder, director, officer, member, manager or employee of a bank or other corporation or limited liability company to take the acknowledgment of any party to any written inst…

220.285 Reproduction and destruction of records; evidence. (1) Any state bank, trust company bank, licensee under ss. 138.09, 138.12, 138.14, 218.0101 to 218.0163, 218.02, 218.04, 218.05, 224.72, or 224.725 or ch. 217 may cause any or all records kept by such bank, licensee, or r…

220.30 Closing in emergencies. No liability shall be incurred by a bank because the bank is closed during an emergency. If a bank closes during an emergency, the closing shall be noted in the minutes of the next meeting of the bank’s board of directors. A bank may not declare in …

220.32 Transfer of trust business within bank holding company groups. (1) DEFINITIONS. In this section: (a) “Corporate fiduciary” means all of the following: 1. A trust company bank, state bank with trust powers, corporation or limited liability company, that is authorized under …