Fla. Admin. Code Ann. R. 69U-105.208 - Relocation of Opened State Financial Institutions and Redesignation of Main Office or Branch Office

Current through Reg. 47, No. 249; December 28, 2021

(1) The site of a state financial institution office which has been in operation for at least 18 months may be relocated to a new site in any county of this state where the state financial institution currently has an authorized branch office with at least 30 days prior written notification to OFR. Such notification shall include the following minimum information:
(a) The name and address of the office.
(b) The exact street address for the proposed site, or the legal description if street address is not available.
(c) The distance and direction of the proposed location from the present location.
(d) The anticipated effective date for completion of the relocation.
(e) Plans for disposal of the present building or lease and leasehold improvements, if applicable.
(f) A schedule of applicant's present and proposed investment in fixed assets to confirm compliance with the fixed asset investment requirements of Section 658.67(7), F.S.
(2) The redesignation of a main office and a branch may be made as provided in subsection 69U-105.405(2), F.A.C.
(3) The site of a state financial institution office which has been in operation less than 18 months may be relocated to a new site in any county of this state where the state financial institution currently has an authorized branch office with the prior written approval of OFR. Any such request for permission to relocate should be submitted by letter to OFR to demonstrate that the relocation will not create an unsafe and unsound condition. The letter should contain the minimum information required in paragraph 69U-105.206(6)(d), F.A.C., for relocating an approved but unopened state financial institution.

Notes

Fla. Admin. Code Ann. R. 69U-105.208
Specific Authority 655.012(3) FS. Law Implemented 120.60(5), 658.26(3)(a), (b), 665.013 FS.
New 5-24-78, Amended 6-9-81, Formerly 3C-10.071, Amended 6-20-90, Formerly 3C-10.0071, Amended 8-14-94, Formerly 3C-105.208.

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