Louisiana Administrative Code › Title 10 - FINANCIAL INSTITUTIONS, CONSUMER CREDIT, INVESTMENT SECURITIES AND UCC › Part I - Financial Institutions › Chapter 3 - Fees and Assessments › Section I-303 - Establishment of Fees and Assessments

Current through Register Vol. 50, No. 6, June 20, 2024
Description
Fee
A. Application for a denovo state bank, savings and
							 loan association or savings bank charter, or the merger or consolidation of two
							 banks, savings and loan associations, or savings banks. The fee for a merger or
							 consolidation may be reduced based on certain factors including, but not
							 limited to: the date of each institution's most recent examination, the
							 financial condition of the applicant, the structure of the institutions, the
							 complexity of the transaction, the number of similar transactions contemplated,
							 and any other factor(s) as determined by the commissioner of Financial
							 Institutions.
$10,000; $5,000 for each additional institution
							 affected.
B. The conversion from a national or
							 federally-chartered depository institution to a state-chartered depository
							 institution.
$1,500
C. Application for a state bank, savings and loan
							 association or savings bank for a branch office.
Standard Form: $1,000
Short Form: $250
D. Processing fee for an application to acquire a
							 failing or failed institution. If the applicant is the successful bidder, the
							 processing fee will be applied to the application fee(s) as set forth in A. and
							 C. above:
1. existing state-chartered financial institution;
$500
per branch
2. denovo state-chartered financial institution.
$5,000
E. Application for a conversion or merger of a
							 state-chartered bank, savings and loan association, or savings bank into a
							 national bank, a federal savings and loan association, or a federal savings
							 bank.
$1,500
F. Application for the organization and/or merger of
							 a stock or mutual holding company for an already existing bank, savings and
							 loan association, or savings bank (phantom).
$2,000
G. Special examination fee for a state bank, savings
							 and loan association, or savings bank. Fee per examiner.
$50/hour
H. Semi-annual assessment of each state-chartered
							 bank, savings and loan association, and savings bank at a floating rate to be
							 assessed no later than June 30 and December 31, to be based on the total
							 consolidated average assets, for the preceding quarter. Not applicable to Trust
							 Banks. Any amounts collected in excess of actual expenditures of the OF I shall
							 be credited or refunded on a pro-rata basis. Any shortages in assessments to
							 cover actual operating expenses of OFI shall be added to the next variable
							 assessment or billed on a pro-rata basis.
Variable
I. Annual assessment of each holding company
							 domiciled in and/or operating in Louisiana, to be assessed no later than
							 September 30 of each year to be based upon the holding company's total
							 consolidated assets as of the previous June 30, in accordance with the
							 following schedule:
1. assets less than $100,000,000
$350
2. assets of $100,000,000 to $149,999,999
$500
3. assets of $150,000,000 or greater
$650
J. Examination fee for holding companies of each
							 bank, savings and loan association, or savings bank domiciled in and/or
							 operating in Louisiana . Fee per examiner.
$50/hour
K. Semi-annual assessment for each bank limited to
							 the exercise of trust powers only and domiciled and operating in Louisiana to
							 be assessed no later than June 30 and December 31.
$500
L. Examination fee for each trust bank domiciled and
							 operating in Louisiana . Fee per examiner.
$50/hour
M. Examination fee for a trust department of a
							 state-chartered bank, savings and loan association, or savings bank. Fee per
							 examiner.
$50/hour
N. Examination of the registered transfer agent
							 activities of a state-chartered bank, savings and loan association, or savings
							 bank. Fee per examiner.
$50/hour
O. Review of a restatement and/or amendment to the
							 Articles of Incorporation of a state-chartered bank, savings and loan
							 association or savings bank.
$250
P. Application by a state-chartered bank, /savings
							 and loan association, or savings bank to exercise trust powers and/or
							 re-institute trust powers formerly surrendered.
$1,000
Q. Application by a state-chartered bank, savings
							 and loan association, or savings bank to establish or acquire a subsidiary or
							 service corporation.
$500
R. Application by an in-state or out-of-state
							 holding company to acquire a Louisiana bank, savings and loan association, or
							 savings bank, or a holding company thereof, or an out-of-state holding company
							 with a Louisiana bank, savings and loan or savings bank subsidiary(-ies).
$1,000; $11,000 if de novo charter also required.
S. Corporate Credit Union Examination Fee
$5,000 plus $400 per day per examiner.
T. Application by a state-chartered bank, savings
							 and loan association, or savings bank to merge with its parent holding company.
$1,000
U. Processing fee for a certificate of authority
							 filed by a state-chartered savings and loan association or savings bank not
							 domiciled in Louisiana to operate a branch in Louisiana .
$1,000
V. Application for conversion by any state-chartered
							 depository institution to another state charter.
$1,500
W. Application for the voluntary conversion of a
							 depository institution from a mutual to a stock form (equity ownership).
$1,500
AUTHORITY NOTE:
				  Promulgated in accordance with
				  R.S.
				  6:126(A),
				  6:212 and
				  6:646(B)(5).