Arkansas Administrative Code › Agency 210 - State Bank Department › Rule 210.00.05-002 - Application Filing Fees; Relocation of Branch

Current through Register Vol. 49, No. 6, June, 2024
46-404.2
- APPLICATION FILING FEES.
		  APPLICATIONS WHICH ARE NOT FILED WITH THE STATE BANKING BOARD
(Reference
		  A.C.A.  23-46-404 )
a) New branch banking office A.C.A. §
													23-48-703
$3,000
b) Relocation of existing branch office (inside current
						  municipality) A.C.A. §
													23-48-702
$1,000
c) Relocation of existing branch office (outside of
						  current municipality) A.C.A. §
													23-48-702
$2,500
d) Plan of exchange (plus expenses of Commissioner;
						  does not include costs associated with appraisals of bank stock)
$ 500
e) Filing of fictitious name
$ 25
f) Filing of out-of-state bank/bank holding
						  company
$ 300
g) Change in Control
$1,500
h) Purchase or Assumption (less than fifty percent
						  (50%) of assets or liabilities)
$3,000
i) Registered Agent for Service of Process A.C.A.
						  §
													23-48-327
$ 25
j) Relocation of existing branch (within immediate
						  area) A.C.A. §
													23-48-702(d)(5)(A)
$ 250
48-702.2
- RELOCATION OF BRANCH
(Reference A.C.A. §
							23-48-702 )
(a) Any state bank may file an application
		  with the Commissioner to relocate any existing full service branch to another
		  location then authorized by law.
(b) If the proposed location is within the
		  same municipality a fee of $1,000 shall accompany the application. If the
		  proposed location is to a different municipality a fee of $2,500 shall
		  accompany the application.
(c) An
		  abbreviated branch application provided by the State Bank Department is
		  required to relocate a branch within the same municipality. A bank desiring to
		  relocate an existing branch to an area outside of the incorporated city or town
		  in which the existing branch is located must file a branch relocation
		  application which will consist of the information required to establish a new
		  branch. Intent to make such a relocation shall be conveyed in writing to the
		  Commissioner no later than twenty business days before such relocation shall
		  occur. A relocation application will follow the same notice procedures as a new
		  branch application, giving other banks or interested parties an opportunity to
		  object or officially protest. Official protestants will be required to pay a
		  fee of one thousand dollars ($1,000) as in a new branch application
		  proceeding.
(d) The Commissioner
		  shall approve such relocation unless it is determined the relocation is not
		  economically feasible or will not serve the public convenience and necessity.
		  Such relocation shall not occur until the Commissioner shall approve the
		  relocation.
(e) In accordance with
		  A.C.A. §
								23-47-702(d)(5)(A), a bank may relocate an existing branch within
		  a limited area without requiring a branch bank application; however, the bank
		  must provide written notice to the Department, which includes a $250.00 filing
		  fee prior to the relocation. The notice must include the following information:
1. Location of the existing branch;
2. Proposed location of resulting
		  branch;
3. Date of closing existing
		  branch;
4. Whether the branch is
		  opened, built, or established due to the consolidation of two (2) or more banks
		  within the immediate neighborhood of an existing branch or main office of the
		  bank; and
5. That the nature of the
		  business and customers of the branch are not substantially affected.
6. If the relocation involves an increase in
		  fixed assets (acquisition of real estate or construction of facilities) the
		  bank must request prior approval for incurring these costs.
The statute defines "within the immediate neighborhood" as
			 including, but not limited to:
1. Across the street;
2. Around the corner;
3. Within two (2) blocks;
4. Within one thousand feet (1,000');
		  or
5. In densely populated areas,
		  within five thousand feet (5,000').