Fla. Admin. Code Ann. R. 69U-105.209 - Opening
Current through Reg. 47, No. 249; December 28, 2021
(1) Temporary
Quarters. Requests for authority to open for business in temporary quarters
shall be submitted in writing as soon as such contingency becomes evident. The
request shall include the minimum information required in the appropriate pages
of Exhibit D of Form OFR-U-1 or Form OFR-U-28, as applicable, in effect at the
time the request is made.
(2)
Shareholder's Meeting. Following commencement of corporate existence and
issuance of all of the stock certificates from the initial stock offering, and
at least 30 days prior to the state financial institution's proposed opening
date, a shareholders meeting shall be held to elect directors already approved
by OFR, approve reimbursement of organizational expenses previously incurred by
the organizers, and conduct other business as may be appropriate. For the
purpose of this paragraph (a), one financial institution holding company will
be required to have a meeting of the holding company shareholders in order to
empower the holding company directors to authorize the above required
actions.
(3) Pre-opening
Examination. Following receipt of the notice of payment of capital funds, as
required by Section
658.25(2),
F.S., a pre-opening state examination of the state financial institution shall
be performed prior to the requested opening date.
(4) Federal Approval. Should the bank or
association pre-opening examination show that all requirements for opening have
been met, the Federal Deposit Insurance Corporation Regional Office in Atlanta,
the Office of Thrift Supervision, Atlanta District, or the Federal Reserve Bank
of Atlanta, whichever is appropriate, shall be contacted and so
informed.
(5) Certificate of
Authority to Transact Business. A certificate of authority to transact business
shall be delivered to the applicant specifying the opening date. The
certificate will constitute the charter for the applicant.
Notes
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