021-5 Wyo. Code R. §§ 5-4 - Content; Electronic Media

(a) To be accepted for filing, each application shall be comprised of the following information:

(i) The signatures of all incorporators, verifying the contents of application; the

(ii) Three (3) duplicate originals of the articles of incorporation satisfying the requirements of Section 5;

(iii) The by-laws proposed for adoption either by the incorporators simultaneously with incorporation or by the board of directors of the proposed institution at its first meeting, indicating which method will be used to adopt the by-laws;

(iv) Evidence satisfactory to the Commissioner that the proposed institution has paid-in capital stock as required by the Banking Statutes;

(v) A complete, true and accurate copy of the proposed institution's completed FDIC application or, in the case of a trust company, the proposed institution's completed application on the form prescribed from time to time by the Commissioner;

(vi) The name, proposed title and residence post-office address of each individual proposed to serve as an executive officer of the corporation during any part of the corporation's first year of existence;

(vii) A statement with supporting evidence, demonstrating that the conditions in the community in which the proposed institution would transact business afford reasonable promise of successful operation;

(viii) A statement with supporting evidence, demonstrating that the proposed capital and surplus are adequate in light of current and prospective conditions;

(ix) A statement with supporting evidence, demonstrating that the proposed executive officers and proposed directors have sufficient experience, ability and standing to afford reasonable promise of successful operation;

(x) As to each depository institutions and trust companies then open for business in the home county, a list of the name of the entity, its president (and branch managers, if the local presence is a branch), its local street address, and its local telephone and fax numbers such financial institutions and trust companies;

(xi) A copy of any bonds obtained in accordance with W.S. 13-6-206;

(xii) If applicable, the designation of an agent for service of process described in Section 7; and

(xiii) Any other information required by these Regulations or as requested by the Commissioner.

(b) The obligation to provide the information required for an application is a continuing obligation. The applicant shall supplement the application promptly when, but only to the extent that, significant information in the application changes materially and should its FDIC application change in any way.

(c) The applicant shall also deliver the application to the Commissioner on electronic media. The Commissioner shall reasonably assist applicants and reasonably cooperate with them in assuring substantial compliance with this subsection.

Notes

021-5 Wyo. Code R. §§ 5-4

Amended, Eff. 5/13/2021.