12 C.F.R. § 303.42

Current through September 30, 2024
Section 303.42 - Filing procedures
(a)General. An applicant shall submit an application to the appropriate FDIC office on the date the notice required by § 303.44 is published, or within 5 days after the date of the last required publication.
(b)Content of filing. A complete letter application shall include the following information:
(1) A statement of intent to establish a branch, or to relocate the main office or a branch;
(2) The exact location of the proposed site including the street address. With regard to messenger services, specify the geographic area in which the services will be available. With regard to a mobile branch specify the community or communities in which the vehicle will operate and the manner in which it will be used;
(3) Details concerning any involvement in the proposal by an insider of the bank as defined in § 303.2(u) , including any financial arrangements relating to fees, the acquisition of property, leasing of property, and construction contracts;
(4) Comments on any changes in services to be offered, the community to be served, or any other effect the proposal may have on the applicant's compliance with the CRA;
(5) A copy of each newspaper publication required by § 303.44 of this subpart, the name and address of the newspaper, and date of the publication;
(6) When an application is submitted to relocate the main office of the applicant from one state to another, a statement of the applicant's intent regarding retention of branches in the state where the main office exists prior to relocation.
(c)Undercapitalized institutions. Applications to establish a branch by applicants subject to section 38 of the FDI Act (12 U.S.C. 1831 o) also should provide the information required by § 303.204 . Applications pursuant to sections 38 and 18(d) of the FDI Act (12 U.S.C. 1831 o and 1828(d)) may be filed concurrently or as a single application.
(d)Additional information. The FDIC may request additional information to complete processing.

12 C.F.R. §303.42

67 FR 79247, Dec. 27, 2002, as amended at 85 FR 72555, Nov. 13, 2020
85 FR 72555, 12/14/2020