§ 13-9-309 — Required application; fees

Wyoming § 13-9-309

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 9: BANK RELATED ORGANIZATIONS
• Art. 3: INTERSTATE BANKING - ACQUISITIONS OF BANKS

Text

(a) A company that proposes to make an acquisition under
this article shall:
(i) Pay to the commissioner an application fee
established by rule and regulation of the commissioner;
(ii) File with the commissioner a copy of the
application that the company has filed with the responsible
federal bank supervisory agency. The application to the
commissioner shall include:
(A) The name and address of the applicant;
(B) The name of the chief executive officer and
the officer designated by the applicant being responsible for
the application;
(C) A sworn statement by the chief executive
officer that all information being furnished to the commissioner
is truthful, complete and accurate and that the applicant is
complying with all applicable laws;
(D) The names and addresses of the directors of
the applicant with a listing of the percent of outstanding
shares of the applicant owned directly or beneficially by each
director;
(E) The names and addresses of the executive
officers of the applicant, not to exceed twenty (20) in number
and the percent of outstanding shares of the applicant owned
directly or beneficially by each officer;
(F) The most recent official statement of
condition of the applicant;
(G) A copy of the most recent federal income tax
return of the applicant together with all pertinent schedules
and addendums;
(H) A copy of the most recent directors' audit
of the applicant;
(J) A copy of the two (2) most recent reports of
examination as performed by all regulatory authorities including
a record of compliance and rating under the Community
Reinvestment Act;
(K) An historical compilation of the loan loss
reserve account of the applicant for the previous five (5) year
period;
(M) Other information as the commissioner may
require to fulfill his duties under this article.
(b) To the extent consistent with the effective discharge
of the commissioner's responsibilities, the forms established
under this article for application and reporting shall conform
to those established by the board of governors of the federal
reserve system under the Bank Holding Company Act.
(c) If the applicant is an out-of-state bank holding
company that is not incorporated or otherwise formed under the
laws of this state, it shall submit with the application proof
that the applicant has complied with any applicable requirements
of W.S. title 17.
(d) Except as prohibited by federal law, a company
acquiring control of a Wyoming state chartered bank shall agree
as a condition of the certificate of authority that all its
banking operations conducted in this state by or on behalf of
that state chartered bank shall be governed by Wyoming law.