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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 85. State Banking Department |
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Chapter 10. Supervision, Regulation and Administration of Banks, Trust Companies, and the Oklahoma Banking Code |
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Subchapter 9. New Banks, Branches, and Other Facilities |
SECTION 85:10-9-1. Application for a new bank or trust company
Latest version.
- In addition to those provisions set out in Article III of the Oklahoma Banking Code, the following requirements must be met:(1) The application shall be on a form prescribed by the Commissioner, including but not limited to that information required in Section 305 of the Code.(2) If any of the stock of the proposed bank or trust company is offered to other than the organizers (as provided in Sections 303 or 303.1 of the Code), it shall be offered by an offering circular only in accordance with provisions of 85:10-13-2, the contents of which must be accepted by the Commissioner.(3) No certificate of authority for a bank shall be approved until an application for federal deposit insurance or for membership in the Federal Reserve System has been approved in accordance with the provisions of Section 313(B)(5) of the Code.