Moving an insured branch of a foreign bank.

CFR · 2024-01-01 · US · Title 12

(a) (2) (i) The exact location of the proposed site, including the street address; (ii) Details concerning any involvement in the proposal by an insider of the applicant, as defined in § 303.2(u), including any financial arrangements relating to fees, the acquisition of property, leasing of property, and construction contracts; (iii) Comments on any changes in services to be offered, the community to be served, or any other effect the proposal may have on the applicant's compliance with the CRA; and (iv) A copy of the newspaper publication required by paragraph (c) of this (3) (4) (b) Processing—(1) (i) The 21st day after the FDIC's receipt of a substantially complete application; or (ii) The 5th day after expiration of the comment period described in paragraph (c) of this section. (2) (c) (2) (3) (d) (i) The factors set forth in section 6 of the FDI Act (12 U.S.C. 1816) have been considered and favorably resolved; (ii) The applicant is at least adequately capitalized as defined in subpart H of part 324 of this chapter; (iii) Any financial arrangements which have been made in connection with the proposed relocation and which involve the applicant's directors, officers, major shareholders, or their interests are fair and reasonable in comparison to similar arrangements that could have been made with independent third parties; (iv) Compliance with the CRA and any applicable related regulations, including 12 CFR part 345, has been considered and favorably resolved; (v) No CRA pr

official document · source cfr-2024 · id 12:§ 303.184