5 Del. Admin. Code § 712-1.0

Current through Reigster Vol. 28, No. 6, December 1, 2024

Section 712-1.0 - Merger Application By A Delaware State Bank

1.1 A merger application by a Delaware state bank in accordance with § 795D, § 795F and § 795G of Title 5, Delaware Code, in which the resulting bank will be a state bank, shall be filed with the Commissioner. Such application shall include: a merger agreement in the same form as that prescribed in § 784 of Title 5, Delaware Code; certified copies of the authorizing resolutions of each board of directors showing approval by a majority of the entire board and evidence of proper action by the board of directors of any merging national bank, as provided in §784(b) of Title 5, Delaware Code; a copy of the complete application as submitted to the Federal Deposit

1.2 Insurance Corporation (the "FDIC"), the Board of Governors of the Federal Reserve System (the "FRB") or the Office of the Comptroller of the Currency (the "OCC"), as applicable; the $1,150 investigation fee as provided in § 792 of Title 5, Delaware Code; a cover letter indicating that the application is made pursuant to § 795D, § 795F or § 795 G of Title 5, Delaware Code, as applicable, and providing information about the disposition of existing locations of the merging Delaware state bank, if any; and, when applicable, the information required by regulation 805 (formerly 5.803.0011).