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Florida Administrative Code (Last Updated: October 28, 2024) |
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69. Department of Financial Services |
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69U. FSC - Financial Institution Regulation |
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69U-105. Licensing And Chartering Of Financial Institutions |
1(1) Applications for approval to convert a federal or state financial entity into a state charter to do business as another type of financial entity or without a change in business form shall be filed on 37an Application and Plan of Conversion, 43Form OFR-U-4, 45effective 1/2018, herein incorporated by reference and available at 54http://www.flrules.org/Gateway/reference.asp?No=Ref-0878856. Applications for approval to merge or consolidate one or more financial entities shall be filed on 73an Application for Approval to Merge or Consolidate a Bank, Trust Company, or Association, Form OFR-U-19, effective 1/2018, herein incorporated by reference and available at 98http://www.flrules.org/Gateway/reference.asp?No=Ref-08790100. Applicants may modify the form to the extent necessary to accommodate different types of financial entities. Applications to acquire all or substantially all of the assets and/or liabilities of any financial entity shall be submitted on 137an Application and Plan for the Purchase of Assets and Assumption of Liabilities, Form OFR-U-17, effective 1/2018, herein incorporated by reference and available at 161http://www.flrules.org/Gateway/reference.asp?No=Ref-08789163.
164(2) Applications shall include the following material relevant to the particular type of application filed:
179(a) A certified copy of a conversion, merger or consolidation resolution adopted by the board of directors;
196(b) A resolution adopted by the board of directors of a federal financial entity authorizing OFR to examine the federal financial entity’s records in connection with the conversion, merger, or consolidation application. Additionally, OFR is authorized to assess any state or federal financial entity, applying pursuant to this chapter, a non-refundable examination fee to cover the actual costs of any examination required as a part of the application process;
265(c) A certified copy of a conversion, merger or consolidation resolution adopted by the members or stockholders may be submitted to OFR upon receipt of a conditional approval order;
294(d) The plan merger or consolidation, and conversion.
302Rulemaking Authority 304655.012(2) FS. 306Law Implemented 308655.411(1), 309655.412(1), 310655.414(1) FS. 312History–New 11-23-83, Formerly 3C-18.03, 3C-18.003, Amended 8-14-94, 4-15-98, Formerly 3C-105.703, Amended 11-28-17.
