New York Codes, Rules and Regulations › Title 3 - BANKING › Supervisory Policies and Procedures › Commercial Banks › Supervisory Procedure 105 - Application for Approval of the Formation of a Bank Holding Company; the Expansion of an Existing Bank Holding Company; the Voting by a Bank Holding Company of the Stock of a Banking Subsidiary; A Merger; a Consolidation; or a Purchase of Assets › Section 105.2 - Information required in the application

Current through Register Vol. 46, No. 28, July 10, 2024
If the applicant is a bank holding company, the information
					 required should be set forth with respect to any of its banking subsidiaries
					 which might reasonably be considered to be in competition with any banking
					 institution which is a party to, or the subject of, the proposed action or
					 transaction.
(a) General information.
				  Set forth the name and address of the applicants; the name and address of the
				  officer to whom all communications from the Banking Department should be
				  addressed; the date or proposed date of submission of any required applications
				  or other documents to the Board of Governors of the Federal Reserve System, the
				  Federal Deposit Insurance Corporation or the Comptroller of the Currency; and
				  include a conformed copy of the plan of merger or acquisition of assets or
				  acquisition of capital stock.
(b)
				  Banking offices. List the name and address of the principal office of each
				  party to the proposed merger or acquisition and of the surviving bank; the
				  branch office locations of each party; the road distance between the nearest
				  offices of each party and the offices, if any, which will be closed if the
				  application is approved.
(c)
				  Deposits.
(1) Number and volume. List in
				  tabular form the number of accounts and dollar amount of deposits of each party
				  to the transaction, by type of account, as of December 31st for each of the
				  preceding three years.
(2) Primary
				  and secondary service areas. Indicate the deposits, by number of accounts and
				  dollar amount, which originate in the primary service area and the secondary
				  service area, respectively, of each party. This computation should also be made
				  for any office if the service area thereof is reasonably close to or overlaps
				  any service area of the other party or any of its offices. The term primary
				  service area means the area from which is derived approximately 75 percent of
				  the dollar amount of deposits based on the record addresses of the depositors
				  thereof.[FN**] The term secondary service area means the area contiguous to but
				  outside of the primary service area from which is derived approximately an
				  additional 15 percent of the dollar amount of the deposits based on the record
				  address of the depositors thereof.[FN**]
(3) Overlap. Indicate the deposits, by number
				  of accounts and dollar amount, that each party to the transaction draws from
				  the primary and secondary service areas of the other, separately itemized for
				  demand deposits, for savings and other time deposits, and for total
				  deposits.
(4) Rates. For each
				  party, describe the rates paid on savings and other time deposits and methods
				  of computation. If any of the rates or the methods of computation differ
				  between the parties, include a statement specifically indicating how the
				  differences will be resolved if the application is approved.
(5) Service charges. For each party, provide
				  a complete schedule of service charges on special checking accounts and on
				  regular checking accounts for individuals and business firms. If any of these
				  charges differ between the parties, include a statement specifically indicating
				  how the differences will be resolved if the application is approved.