Ohio Revised Code Search

...n shall contain all of the following: (1) The name of the bank; (2) The place in this state where the bank's principal place of business is to be located; (3) The purpose or purposes for which the bank is formed; (4) The maximum number and the par value of shares the bank is authorized to have outstanding and their express terms, if any. The articles of incorporation shall not authorize shares without par value. ...

...of authority to commence business if: (1) The superintendent is satisfied, based upon the examination conducted pursuant to section 1113.08 of the Revised Code and any other facts within the knowledge of the superintendent, that the stock state bank is otherwise entitled to commence business. (2) With respect to a stock state bank that, upon commencing business, would be authorized to accept deposits other than tru...

...requirements of one of the following: (1) The basic financial information required to be made available to shareholders of a stock state bank prior to the annual meeting pursuant to section 1113.15 of the Revised Code; (2) The financial statements required to be presented at the annual meeting of a corporation pursuant to section 1701.38 of the Revised Code; (3) The financial statements required under federal law ...

...n shall include all of the following: (1) The proposed articles of incorporation and code of regulations; (2) An application for reservation of a name in accordance with section 1103.07 of the Revised Code, if reservation is desired by the incorporators and has not been previously filed; (3) The location and a description of the proposed initial banking office; (4) Information to demonstrate the proposed bank wil...

...f the following requirements are met: (1) The proposed articles of incorporation and code of regulations, application for reservation of name, applicable fees, and other items required meet the requirements of the Revised Code. (2) The population and economic characteristics of the area primarily to be served afford reasonable promise of adequate support for the proposed bank. (3) The competence, experience, and i...

...n shall contain all of the following: (1) The name of the bank; (2) The place in this state where the bank's principal place of business is to be located; (3) The purpose or purposes for which the bank is formed. (B) The articles of incorporation may also set forth any lawful provision for the purpose of defining, limiting, or regulating the exercise of the authority of the bank, the incorporators, the directors,...

... of the following conditions are met: (1) The superintendent is satisfied, based upon the examination conducted pursuant to section 1114.06 of the Revised Code and any other facts within the knowledge of the superintendent, that the mutual state bank is otherwise entitled to commence business. (2) The superintendent has received from the federal deposit insurance corporation written confirmation that it has approve...

...e for their rights and privileges. (C)(1) Unless otherwise provided in the articles of incorporation or code of regulations, a proxy granted by a depositor to the officers and directors of a mutual state bank shall expire on the date specified in the proxy. If no date is so specified, the authority granted by the proxy shall be perpetual. (2) On and after the effective date of this section , the writing or verifiab...

...iven in either of the following ways: (1) By publication, once each week on the same day of the week for three consecutive weeks immediately preceding the date of the meeting in a newspaper published in and of general circulation in the county in which the principal office of the bank is located, of a notice containing the name of the bank and the purpose, place, date, and hour of the meeting; (2) By notice served ...

...(A)(1) A stock state bank may do any of the following: (a) Convert into a national bank or a federal savings association if the conversion is approved by both the office of the comptroller of the currency and the affirmative vote or written consent of the holders of two-thirds, or such other proportion not less than a majority as the stock state bank's articles of incorporation require, of the outstanding shares of ...

...(A)(1) A mutual state bank may convert into a stock state bank if the conversion is approved by the superintendent of financial institutions, the affirmative vote of two-thirds of the mutual state bank's board of directors, and the affirmative vote of two-thirds of the total outstanding votes eligible to be cast at the meeting at which the plan of conversion is presented to the members for adoption. (2) A stock stat...

...ons the items required in divisions (B)(1) and (2) of section 1113.02 of the Revised Code. (C) Approval of the interim bank pursuant to this section does not authorize the interim bank to commence business. Approval of the interim bank shall be specifically conditioned on approval of the subsequent reorganization. The approval of the interim bank becomes void, and the interim bank shall be dissolved, if the reorgani...

...ets both of the following conditions: (1) It is acquired by a mutual holding company as part of, and concurrently with, a mutual holding company reorganization. (2) It is in the mutual form immediately prior to the acquisition. (B) "Reorganization plan" means the plan to reorganize into a mutual holding company structure described in section 1116.07 of the Revised Code. (C) "Reorganizing mutual state bank" means ...

...ompany shall do all of the following: (1) Confer upon existing and future depositors of the resulting stock state bank the same membership rights in the mutual holding company as were conferred upon depositors by the articles of incorporation or code of regulations of the reorganizing mutual state bank in effect immediately prior to the reorganization; (2) Confer upon existing and future depositors of any acquiree ...

... directors, do both of the following: (1) Divide equitably any surplus that is in excess of the amount required for the operations of the mutual holding company or to maintain the safety and soundness of the mutual holding company; (2) Distribute that surplus to the respective depositors of its subsidiary stock state banks in accordance with their membership rights. (B) If the superintendent of financial instituti...

...ior to doing either of the following: (1) Changing the banking office's schedule of operation from part-time to full-time or full-time to part-time; (2) If the banking office is operated by use of a mobile facility, adding or eliminating any location at which the banking office transacts business within the banking office's service area or changing the banking office's schedule of operation.

... shall consider all of the following: (1) The adequacy of the management of both the contracting bank and the other banks, savings banks, and savings associations; (2) The adequacy of the capital of both the contracting bank and the other banks, savings banks, and savings associations; (3) The adequacy of the operations and controls of both the contracting bank and the other banks, savings banks, and savings assoc...

...t shall include all of the following: (1) Assets the foreign bank has pledged as required by section 1119.09 of the Revised Code; (2) Reserves the foreign bank is required to maintain with the federal reserve with respect to the foreign bank's agencies and branches in this state; (3) Assets pledged and surety bonds payable to the federal deposit insurance corporation with respect to the foreign bank's agencies and...

...cy, or branch is conducting business: (1) The corporation that is to be the resulting corporation in the reorganization or the acquiring corporation shall do either of the following: (a) Obtain an appropriate license to conduct the activities it proposes to conduct in this state and make all changes to conform the business being acquired to the requirements and limitations of the license obtained; (b) Obtain the a...

...(A)(1) Except as provided in division (A)(2) of this section, each foreign bank licensed to operate a representative office, agency, or branch in this state shall do all of the following: (a) Maintain in this state all of each licensed representative office's, agency's, or branch's records. (b) Segregate each licensed representative office's, agency's, or branch's records from all of the foreign bank's and its affi...

...n of financial institutions in Chapters 1101. to 1127. of the Revised Code. (B)(1) With regard to any foreign bank licensed under this chapter to operate a representative office, agency, or branch in this state or conducting operations in this state connected to its banking business without being licensed under this chapter or by the office of the comptroller of the currency, "regulated person" means a director, off...

...not limited to, all of the following: (1) An evaluation of the bank's loan underwriting standards, asset quality, financial reporting to federal or state regulatory agencies, and compliance with its policies and with federal or state statutory or regulatory requirements; (2) Any communication related to the report, including electronic mails or telephone logs. (B) A self-assessment report, any portion or contents ...

...the superintendent pursuant to Chapters 1101. to 1127. of the Revised Code that is subject to the superintendent's approval or an opportunity for the superintendent to disapprove, if confidential treatment is requested by the person submitting the application or notice and any of the following applies: (1) The information is of a commercial or financial nature, disclosure of which would likely result in substantial ...

...action to prove any of the following: (1) There is substantial unmet need for banking services in the community. (2) The person will bring banking services or other particular advantages to the community that are not presently available there. (3) The action or transaction will not adversely affect an existing financial institution in the community.

...tutions may do both of the following: (1) Summon and compel, by order or subpoena, witnesses to appear before the superintendent, deputy superintendent, examiner, attorney, or such other person designated by the superintendent and testify under oath regarding the affairs of a bank or trust company or, in relation to matters concerning a state bank, foreign bank, or trust company, a regulated person; (2) Compel, by ...