§ 13-2-805 — Notice and filing requirements; license fee

Wyoming § 13-2-805

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 2: ORGANIZATION OF BANKS
• Art. 8: INTERSTATE BRANCHING AND BANK MERGERS

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(a) Any out-of-state bank that will be the resulting bank
pursuant to an interstate merger transaction involving a Wyoming
bank shall notify the commissioner of the proposed merger not
later than the date on which it files an application for an
interstate merger transaction with the responsible federal bank
supervisory agency, and shall submit a copy of that application
to the commissioner together with a filing fee established by
rule and regulation of the commissioner. Except as prohibited by
federal law, any Wyoming state bank which is a party to the
interstate merger transaction shall comply with the applicable
provisions of W.S. 13-4-101 through 13-4-114 and with other
applicable state and federal laws. Any out-of-state bank which
will be the resulting bank in an interstate merger transaction
shall provide satisfactory evidence to the commissioner of
compliance with applicable requirements of W.S. 17-16-1503,
17-16-1506 and 17-16-1507.
(b) Every branch bank in this state shall be licensed by
the commissioner before operating, engaging in or conducting a
banking business. The license shall be renewed annually, not
more than sixty (60) nor less than thirty (30) days before the
anniversary date upon which the initial license is issued.
(c) The commissioner shall fix the amount of the initial
license fee and annual renewal fee by rule and regulation.
Annual renewal fees may be assessed on a graduated or
progressive scale based on deposits, assets, business volume,
loans or a combination of these or other factors as determined
by the commissioner.