Acquisition of a Savings Bank and Loan Branch Office by a Bank/Trust CompanyThis allows a bank or trust company to acquire branches from a savings bank or savings and loan association.
Requirements1. Financial Information, Always Required
2. Information required by Supervisory Procedure CB 105, Always Required
How to Apply
WHAT YOU NEED TO APPLY:• Deposit and loan information
• Service information
• Management information
• Inducement information if any
• Reasons for application
|NAME||FORM NUMBER||FORM AND INSTRUCTIONS AVAILABLE|
|Application Information||-||DFS Application Information|
Payment Options:Personal Check; Postal Money Order; Certified Check
Duration & Processing
|Average Processing Time:||120 Days|
Common Denial Reasons: Determination that approval would not be in the public interest; determination that the transaction would result in a significant lessening of competition; financial reasons.