Section 75.152 - Expedited Applications(a) An eligible institution as defined in § 75.151 of this title (relating to Eligible Institution) may file an expedited filing in lieu of an application required pursuant to § 75.131 of this title (relating to Branch Office), § 75.132 of this title (relating to Mobile Facility), § 75.133 of this title (relating to Relocate Home or Branch Office Location), or § 75.111 of this title (relating to Reorganization, Merger, Consolidation or Purchase and Assumption Transaction - Resulting in a Savings Bank), and simultaneously tender the required filing fee pursuant to § 75.102 of this title (relating to Application Fees and Charges).(b) An expedited filing must include the following items, unless waived in writing by the Commissioner: (1) a detailed description of the transaction;(2) a pro forma balance sheet and income statement for all parties to the transaction, including adjustments, reflecting the proposed transaction as of the most recent quarter ended immediately prior to the filing of the application, demonstrating that the resulting state savings bank is well capitalized as defined by 12 C.F.R. § 324.403, including pro forma financials for the first four quarters after the effective date of the transaction;(3) a certified resolution of the board and, if required, shareholders approving the proposed transaction;(4) copies of all other required regulatory notices or filings submitted concerning the transaction; and(5) evidence satisfactory to the Commissioner that a public notice of the application has been published and effected as provided by § 75.103 of this title (relating to Public Notice of Application), published in each county where a non-expedited application is required to be published (however, the requirement for the publication to be preapproved by the Commissioner does not apply to an application made in accordance with this section, and the notice may be published contemporaneously with the application being submitted; provided, the notice is otherwise deemed to be acceptable to the Commissioner).(c) The Commissioner will render a decision on the expedited application within 30 days after the date the expedited filing is complete and has been accepted for filing as provided by § 75.101 of this title (Relating to Application Filing Requirements), provided, the application is not protested or a hearing is not otherwise requested. The Commissioner may, at any time before the time period to render a decision on the application has expired, elect to refer the expedited application to a hearing. If a hearing is required, consideration of the application will proceed in the same fashion as a non-expedited application.(d) The applicant bears the burden to supply all material information necessary to enable the Commissioner to make a fully informed decision regarding the expedited filing, including but not limited to, the applicant's eligibility to make the application on an expedited basis in accordance with § 75.151 of this title (relating to Eligible Institution).7 Tex. Admin. Code § 75.152
Adopted by Texas Register, Volume 47, Number 45, November 11, 2022, TexReg 7544, eff. 11/20/2022