Administrative Rules of Montana › Department 2 - ADMINISTRATION › Chapter 2.60 - STATE BANKING BOARD › Subchapter 2.60.9 - Applications for Shell Banks › Rule 2.60.903 - APPLICATION TO FORM AN INTERIM BANK

Current through Register Vol. 13, July 5, 2024
(1) The
				application to form an interim bank must be in the following form:
INTERIM BANK CHARTER APPLICATION
Any individual or entity desiring confidential treatment of
				  specific portions of the application shall specifically identify the
				  information for which they request confidentiality, separately bind it, and
				  label it "Confidential." The individual or entity shall follow the same
				  procedure for a request for confidential treatment for the subsequent filing of
				  supplemental information to the application. Inquiries concerning the
				  preparation and filing of this or any other application with the department
				  should be directed to the Montana Division of Banking and Financial
				  Institutions, P.O. Box 200546, Helena, MT 59620-0546.
1. State the name, address, and phone number
				of the person(s) who will represent the applicant.
2. State the purpose for forming the proposed
				interim bank.
3. State the name and
				location of the proposed interim bank.
4. State the names and addresses of the
				organizer(s) and first board of directors of the proposed interim bank. See
				32-1-322, MCA.
5. State the positions and names of the
				officers of the proposed interim bank.
6. Provide full details of the capital
				structure of the proposed interim bank including number and types of authorized
				shares, par value, total capital stock, surplus, and any other components of
				capital. Also, state the initial amount of reserves to be established, if
				any.
7. Describe in detail the
				entire transaction in which the interim charter is proposed to be used and
				identify the resulting bank after completion of the transaction.
We, the undersigned Board of Directors of the proposed
				  interim bank, do solemnly swear or affirm that the statement and
				  representations made herein are true and correct to the best of our knowledge
				  and belief, and that the personal data and financial statements submitted with
				  this application are true and correct and that this application is made in good
				  faith, with the purpose and intent that the affairs and business of the
				  proposed interim bank shall be honestly conducted upon good and sound business
				  principles.
NAME
ADDRESS
DATE
State of _____________________________________
County of _____________________________________
Signed and sworn to before me this _______day of
				  __________________,
By _____________________________________
______________________________________
Notary Public for the State of Montana
_________________________________
Printed Name
Residing at _____________________, Montana
My commission expires ___________________
EXHIBITS
In order for the interim bank application to be considered
				  complete, the following exhibits must be furnished:
1. Attach brief resumes of past business and
				banking or related experience of the principal shareholders, directors, and
				executive officers of the proposed interim bank. "Principal shareholder" means
				a person who directly or indirectly owns, controls, or holds (either
				individually or as a member of a group) the power to vote 10% or more of any
				class of voting securities or other voting equity interest of the entity.
If the proposed principal shareholders, directors, and
				  executive officers are not currently serving as principal shareholders,
				  directors, or executive officers of an insured depository institution, attach
				  an Interagency Biographical and Financial Report for each person not currently
				  so serving. The Interagency Biographical and Financial Report is available at
				  the Division of Banking and Financial Institutions, P.O. Box 200546, Helena,
				  Montana 59620-0546, or on the division web site located at www.banking.mt.gov
				  [File Link Not Available].
2. Attach a summary of the facts in support
				of the applicant's contention that the conditions for incorporation set forth
				in 32-1-203, MCA, are met.
3. Attach the proposed articles of
				incorporation and by-laws of the proposed interim bank.
4. Attach a copy of all agreements or plans
				which detail how the interim bank will be used in a merger or
				consolidation.