(1) Any out-of-state holding company, a
Tennessee holding company, or out-of-state or in-state financial institution,
seeking to acquire, directly or indirectly, a Tennessee state-chartered
financial institution shall publish notice of such acquisition if the Tennessee
state-chartered institution will remain a Tennessee state-chartered institution
immediately after the acquisition. The notice shall be published one time in a
newspaper of general circulation in each county in which the acquiring
institution and the Tennessee state-chartered financial institution have their
main office, commencing the week the application is accepted by the
commissioner as officially filed.
(2) The notice, proof of which shall be
submitted to the commissioner, shall specify;
(a) the name of the acquirer and the entity
being acquired;
(b) a brief
description of the transaction; and
(c) the following statement:
"Any person wishing to comment on this application may file
comments in writing with the Commissioner of Financial Institution, 414 Union
Street, Suite 1000, Nashville, TN 37219. Anyone desiring to protest this
application may do so if such protest is filed in writing within fifteen (15)
days of this publication."
Notes
Tenn. Comp. R. &
Regs. 0180-15-.04
Original rule filed
November 25, 1975; effective December 27, 1975. Amendment filed February 17,
1984; effective May 15, 1984. Repeal and new rule filed December 31, 1996;
effective April 30, 1997. Amendment filed January 21, 1998; effective May 29,
1998.
Authority: T.C.A. ยงยง
45-1-107,
45-2-1405, 45-3-801, and
45-14-113.
