Washington Administrative Code › Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460) › Chapter 208-532 - Establishment of alien banks in Washington - Procedure › Section 208-532-99001 - Appendix I - Forms - Application for certificate authorizing an alien bank to establish and operate a branch in the state of Washington

Current through Register Vol. 24-14, July 15, 2024
APPLICATION FOR CERTIFICATE AUTHORIZING
AN ALIEN BANK TO ESTABLISH AND
OPERATE A BRANCH IN THE STATE OF WASHINGTON
TO: Director of the Department of Financial Institutions
Division of Banks
Olympia, Washington 98504
The
(Applicant alien bank)
, with its
						head office and principal place of business located at
(Domiciliary Country)
hereby initiates this application for
						certificate authorizing the establishment and operation of a branch to be
						located . . . . . . . . in the City of . . . . . ., County of
. . . . . ., State of Washington.
The
(Bank)
, is incorporated,
						chartered or otherwise authorized to conduct a banking business under the laws
						of
(Domiciliary Country)
. We enclose a verified copy
						of the resolution adopted by the bank's governing board, properly sworn to
						before a U.S. Consular Official, authorizing the filing of this application and
						designating the officer(s) who is (are) to sign this application and provide
						the material required herein, authorizing the payment of fees required by law
						or regulation, and designating the managing officer(s) of the proposed branch.
						We enclose a bank draft for $1,500.00 to apply upon the statutory cost of
						investigation. If the cost of investigation to be made exceeds $1,500.00 we
						agree to pay such excess in accordance with WAC 208-512-040 together with such
						other costs and fees as may be legally required by statute or
						regulation.
Correspondence, instructions, requests for information,
						reports, etc., should be addressed:
. . . . . . . . . . . . . . . . . . . . . . . . . . .
											. . . . . . ..
Head Office
. . . . . . . . . . . . . . . . . . . . . . . . . . .
											. . . . . . ..
Proposed Branch
To expedite the statutory investigation the following
						information, schedules, certifications, resume's, etc., are furnished:
(a) Name of present Chief Executive Officer .
					. . . . . . . and Name of the Secretary . . . . ..
(b) The bank's fiscal year ends . . . . ..
(c) (English translation): Four
					certified copies of the most recent edition of the bank's certificate of
					authority or other legal authorization of your country to conduct a banking
					business and the bank's articles of incorporation.
(d) Date of certificate of authority or its
					equivalent under which presently operating . . . . . . . and expiration date,
					or duration, of the certificate of authority or its equivalent . . . . . . . ..
(e) Capital structure at end of
					last fiscal year: (i.e., equity capital, surplus, undivided profits,
					unallocated or contingency reserves).
(f) Two copies of last available statement of
					condition.
(g) Statement of object
					and purpose or purposes which bank proposes to pursue in the transaction of
					business in the state of Washington.
(h) Copy of (English translation where
					applicable) laws of domiciliary country under which applicant bank is organized
					which permits a bank with its principal place of business in the state of
					Washington to establish in that foreign country a branch, agency or similar
					operation. Attached to a copy of such laws shall be either (a) an opinion of
					counsel (a member of the bar in the foreign country under whose laws the
					applicant is organized), including references to or extracts from relevant
					statutes, if any, to the effect that a bank with its principal place of
					business in the state of Washington may be permitted to establish and maintain
					in such foreign country a branch, agency or similar operation, or (b) a
					certificate of an official of the applicant's country who is authorized under
					its laws to issue a license to a bank with its principal place of business in
					the state of Washington to maintain either a branch or agency, to the effect he
					is so authorized.
(i) An opinion of
					counsel for the applicant (a member of the bar in the foreign country under
					whose laws the applicant is organized) to demonstrate that this application to
					establish a branch is in compliance with local laws. Such opinion should state
					that (a) the applicant's charter authorizes it to carry on the business
					contemplated by the application, (b) the applicant has conducted, and is now
					conducting, its business as authorized by the charter and bylaws in compliance
					with the laws of its country of incorporation, and (c) the making of the
					application is in compliance with the laws of the country of
					incorporation.
(j) Letter or
					certificate from banking authorities of domiciliary country granting permission
					to the applicant to apply for a branch in this state.
(k) Furnished herewith:
(1) Name, title and resume' for each officer
					of the proposed branch in Washington.
(2) Confidential financial statement for the
					managing officer of the proposed branch in Washington.