Current through Reg. 47, No. 249; December 28, 2021
application for a new state-chartered bank, savings bank ("bank") or
state-chartered association ("association") shall be made on Form OFR-U-1. The
application for a new state-chartered trust company ("trust company") shall be
made on Form OFR-U-28.
(a) Each proposed
executive officer, director, and major shareholder shall also complete the
Interagency Biographical and Financial Report, Form OFR-U-10.
(b) Each proposed executive officer,
director, and major shareholder shall review and attest to the accuracy of the
biographical forms and financial reports submitted on his or her behalf.
Material errors or omissions in the information submitted shall be grounds for
a finding by OFR that such person lacks the truthfulness and integrity or the
business acumen and judgment to meet the requisite standards for service as an
executive officer, director, or major shareholder of a state financial
institution. Unless there exists a reasonable basis for deciding otherwise, OFR
shall waive this requirement for financial reports of proposed executive
officers and directors should the proposed state financial institution be a
subsidiary of a registered financial institution holding company, and accurate
Annual Reports of the financial institution holding company for the last three
years are both available and submitted.
(2) Filing; Pre-filing meeting. OFR
recommends that the applicant, including a member of the proposed board of
directors, meet with staff of OFR to discuss the procedures and requirements
for opening a new state financial institution prior to filing an
Applications for new state financial institutions shall be processed pursuant
to applicable provisions of Rules
Fla. Admin. Code Ann. R.
FS. Law Implemented
New 8-28-75, Amended
5-24-78, 6-9-81, 5-12-82, Formerly 3C-10.02, Amended 6-20-90, Formerly
3C-10.002, Amended 8-14-94, 4-15-98, Formerly