Conversion to become a national bank.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (2) As used in this section, (d) (e) (2) (i) Identify each branch that the resulting bank expects to operate after conversion; (ii) Include the institution's most recent audited financial statements (if any); (iii) Include the latest report of condition and report of income (the most recent daily statement of condition will suffice if the institution does not file these reports); (iv) Unless otherwise advised by the OCC in a prefiling communication, include an opinion of counsel that, in the case of a State bank, the conversion is not in contravention of applicable State law, or in the case of a Federal stock savings association, the conversion is not in contravention of applicable Federal law; (v) State whether the institution wishes to exercise fiduciary powers after the conversion; (vi) Identify all subsidiaries, bank service company investments, and other equity investments that will be retained following the conversion, and provide the information and analysis of the subsidiaries' activities, the bank service company investments, and the other equity investments that would be required if the converting bank or savings association were a national bank establishing each subsidiary or making each bank service company investment or other equity investment pursuant to § 5.34, § 5.35, § 5.36, § 5.39, 12 CFR part 1, or other applicable law and regulation; (vii) Identify any nonconforming assets (including nonconforming subsidiaries) and nonconforming activities that

official document · source cfr-2024 · id 12:§ 5.24