Okla. Admin. Code § 85:10-3-21

Current through Vol. 42, No. 4, November 1, 2024

Section 85:10-3-21 - Fees

(a)New Charters.

(1)Application fee for authority to organize. In accordance with the provisions of Section 303(C) of the Code with respect to applications for authority to organize a state bank or trust company, an application fee in the amount of $7,500.00 shall be submitted with each application for authority to engage in the banking business.

(2)Application fee for holding company bank charters. Notwithstanding the fee set forth in paragraph (1) of this subsection, in the case of an Application for Authority to Organize pursuant to Section 502(E) and 502.1 of the Code, an application fee in the amount of $2,000.00 shall be submitted with each application for authority to engage in the banking business.

(b)Application fee to change location. In accordance with the provisions of Section 406(B) of the Code with respect to applications to change location, an application fee in the amount of $2,000.00 shall be submitted with each application.

(c)Application fee for operating and financial subsidiaries. An application for approval of an operating or financial subsidiary must be accompanied by a fee in the amount of $2,000.00.

(d)Application fee for branch. An application fee of $2,000.00 shall accompany each application for certificate to maintain and operate a branch.

(e)Other types of applications and fees. The following applications shall be accompanied by fee in an amount as prescribed below:

(1) Application to abandon trust powers - $1,500.00

(2) Application to exercise trust powers - $1,500.00

(f)Fee for merger. In accordance with the provisions of Sections 1103 and 1111 of the Code, with respect to the submission of the merger agreement for review, a fee in the amount of $3,500.00 shall be submitted together with the merger agreement. Such fee shall be in addition to and not in lieu of any branch application fee(s) which may also be required.

(g)Fee for purchase and assumption agreements. In accordance with the provisions of Section 1109 of the Code, with respect to the submission of the agreement of purchase and sale for review, a fee in the amount of $3,500.00 shall be submitted together with the purchase and sale agreement.

(h)Fee for registration statements. In accordance with the provisions of Section 104 of the Code with respect to registration statements, a fee in the amount of $500.00 shall be submitted with each registration statement.

(i)Method of Payment. All fees shall be paid by an instrument made payable to the Oklahoma State Banking Department. However, the Department may develop procedures for receiving electronic payment with respect to any or all fees, and subject to such conditions as may be prescribed by the Commissioner.

Okla. Admin. Code § 85:10-3-21

Amended at 10 Ok Reg 4275, eff 7-27-93 (emergency); Amended at 11 Ok Reg 4173, eff 7-25-94; Amended at 14 Ok Reg 3559, eff 8-1-97 (emergency); Amended at 15 Ok Reg 2952, eff 7-15-98; Amended at 21 Ok Reg 1186, eff 5-27-04; Amended at 25 Ok Reg 1064, eff 5-25-08

Amended by Oklahoma Register, Volume 39, Issue 24, September 1, 2022, eff. 9/11/2022