Illinois Administrative Code › Title 38 - FINANCIAL INSTITUTIONS › Part 1075 - SAVINGS BANK ACT › Subpart O - CONVERSION OF MUTUAL SAVINGS BANK TO CAPITAL STOCK SAVINGS BANK › Section 1075.2230 - Application - Application Contents

Current through Register Vol. 48, No. 28, July 12, 2024
The application shall include:
a) The complete formal written plan adopted
				by the board of directors for conversion of the applicant to the stock form of
				organization. The terms of the plan submitted pursuant to this subsection will
				be a basis for the Director's approval, and the plan as approved will be
				distributed as an attachment to the proxy statement and the offering
				circular;
b) Preliminary copies of
				the proxy statement and offering circular. The proxy statement and offering
				circular should be prepared in accordance with Sections
				1075.2300
				through
				1075.2460
				and 1025.2500 through 1025.2580 respectively, that are attached to the
				application;
c) Preliminary copies
				of the form of proxy to be distributed to members by management of the
				applicant;
d) The expected
				chronological order of the events connected with the plan of conversion
				beginning with the filing of this application through completion of the sale of
				all the capital stock under the Conversion Plan (Indicate the expected timing
				of any requisite approvals by other regulatory authorities. Indicate the
				proposed timing of all aspects of the subscription offering. If there will be
				an underwritten public or direct community marketing of the applicant's
				securities as part of the Conversion Plan, indicate the proposed timing of all
				aspects of the offering.);
e) If
				the applicant's Conversion Plan contains an eligibility record date
				substantially earlier than 90 days before the date of adoption of the
				Conversion Plan by the board of directors, state the reason for the selection
				of the earlier date. Indicate the circumstances that will require the use of a
				supplemental eligibility record date;
f) In substantially the tabular form
				indicated below, the estimated expense of the conversion to the applicant:
Legal..................................................................................
................
Postage and
							 Mailing..........................................................
................
Printing..............................................................................
................
Escrow or Agent
							 Fees.......................................................
................
Underwriting
							 Fees.............................................................
................
Appraisal
							 Fees...................................................................
................
Transfer Agent
							 Fees..........................................................
................
Auditing and
							 Accounting..................................................
................
Proxy Solicitation
							 Fees......................................................
................
Advertising........................................................................
................
Other
							 Expenses..................................................................
................
Total.......................................................................
................
1) The
				applicant may exclude costs represented by salaries and wages of regular
				employees and officers if a statement to that effect is made. The cost of
				solicitation by specially engaged employees or paid solicitors under Section
				1075.2330(b)
				 shall be stated under "Proxy Solicitation
				Fees".
2) If the applicant has any
				category of expenses exceeding $10,000 that is not specified in this Section,
				the expense shall be itemized rather than including it under the category
				"Other Expenses".
3) If the
				solicitation is conducted other than by management of the applicant, the
				information required in this Section shall be provided with respect to the cost
				of such solicitation, and