California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 2 - Application › Section 10.3166 - Information Regarding Pre-Opening Expenditures

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) State the total amount of pre-opening
						capital expenditures which have been or are proposed to be incurred, and
						provide an itemized schedule of such pre-opening capital
						expenditures.
(b) State the total
						amount of pre-opening noncapital expenditures which have been or are proposed
						to be incurred, and provide an itemized schedule of such pre-opening noncapital
						expenditures.
(c) State whether or
						not any person to whom any pre-opening expenditures has been or is proposed to
						be paid is, or is a consociate of, any (1) proposed director, (2) proposed
						officer, (3) organizer, (4) proposed affiliate, or (5) proposed 15 percent
						equity security owner of the subject institution, and, if so, identify such
						person, describe the pre-opening expenditure, and state the amount of the
						pre-opening expenditure, and, if the transaction involves the purchase or lease
						of any property which the person acquired within the past two years, state the
						cost of such property to the person and describe the circumstances under which
						the person acquired the property.
(d) Describe how pre-opening funds have been
						or are proposed to be obtained, how such pre-opening funds have been or are
						proposed to be held and accounted for, and how such pre-opening funds have been
						or are proposed to be disbursed.
(e) State whether or not any pre-opening
						funds have been solicited, and, if so, describe the manner in which such
						pre-opening funds were solicited, and provide a copy of each document used in
						such solicitation.
(f) State
						whether or not any pre-opening funds have been accepted, and, if so:
(1) State the total amount
						accepted.
(2) Provide an itemized
						schedule of pre-opening funds accepted, showing, with respect to each person
						from whom pre-opening funds have been accepted:
(A) Name of the person.
(B) Proposed position, if any, of the person
						with the subject institution.
(C)
						Aggregate total amount accepted from the person.
(D) Terms under which pre-opening funds have
						been accepted from the person; and, if the terms are set forth in any document,
						provide a copy of such document.
(3) State the total amount
						expended.
(4) Provide an itemized
						schedule of expenditures of pre-opening funds showing, with respect to each
						person to whom the aggregate total amount paid is $25,000 or more:
(A) Name of the person.
(B) Aggregate total amount paid to the
						person.
(C) Description of purpose
						of payment to the person.
(5) State the total amount accepted but not
						yet expended, and describe the present disposition of such
						amount.