Ohio Revised Code Search

...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 ...

...tions may do either of the following: (1) If, in the superintendent's judgment, the condition of an asset warrants, require the bank to do any of the following: (a) Establish specific reserves against the asset : (b) Charge the asset down to the sum that, in the judgment of the superintendent, represents the asset's value; (c) Exclude the asset from the bank's assets. (2) Require a bank to establish general rese...

...brought under Title XI or under Chapter 1309., 1317., or 1345. of the Revised Code, and shall not be subject to any sanction by the superintendent of financial institutions, if all of the following conditions are met: (1) The bank, trust company, or person shows by a preponderance of evidence that the compliance failure was not intentional and resulted from a bona fide error notwithstanding the maintenance of proc...

...r was appointed to fill a vacancy. (D)(1) At least six of the eight members appointed to the commission shall be, at the time of appointment, executive officers of state banks, savings and loan associations, or savings banks, and all of the members appointed to the commission shall have banking experience as a director or officer of a bank, savings bank, or savings association insured by the federal deposit insuranc...

...perintendent in accordance with section 1121.29 of the Revised Code; (E) Determine whether to increase the schedule of assessments as provided in division (A)(3) of section 1121.29 of the Revised Code; (F) Determine, as provided in division (D) of section 1121.12 of the Revised Code, both of the following: (1) Whether there is reasonable cause to believe that there is a significant risk of imminent material harm t...

... provisions for all of the following: (1) The settlement of all debts and liabilities, including the claims of account holders, owed by the bank; (2) The distribution of the bank's assets that remain after the settlement of debts and liabilities to all persons entitled to them; (3) The disposition or maintenance of any remaining or unclaimed funds, real or personal property, either tangible or intangible, or other...

...dated shall do both of the following: (1) Publish a notice of the voluntary liquidation once a week for four consecutive weeks in a newspaper of general circulation in the county in which the bank's principal place of business is located; (2) Give written notice of the voluntary liquidation, either personally or by mail, to all known creditors of and all known claimants against the bank. (B) Compliance with the no...

...all have all of the following powers: (1) To take possession of all books, records of account, and assets of the state bank; (2) To have and exercise, in the name and on behalf of the bank, all the rights, powers, and authority of the officers and directors of the bank and all voting rights of its shareholders or members; (3) To collect all debts, claims, and judgments belonging to the bank and to take any other a...

...ral deposit insurance corporation. (H)(1) In the case of a stock state bank, the bank has an impairment of paid-in capital. (2) In the case of a mutual state bank, the bank has an impairment of retained earnings.

...all have all of the following powers: (1) To take possession of all books, records of account, and assets of the state bank; (2) To collect all debts, claims, and judgments belonging to the bank and to take any other action, including the lending of money, necessary to preserve and liquidate the assets of the bank; (3) To execute in the name of the bank any instrument necessary or proper to effectuate the receiver...

..., at the last address of record. (B)(1) All parties having claims of any kind against the bank, including prior judgments and claims of security, preference, priority, and offset, shall present their claims substantiated by legal proof to the receiver within one hundred eighty days after the date of the first publication of notice of the claims procedure or after actual receipt of notice of the claims procedure, w...

...shall be paid in the following order: (1) Expenses of liquidation and receivership, including money borrowed under authority of division (A)(6) of section 1125.22 or division (A)(7) of section 1125.12 of the Revised Code and interest on it, and claims for fees and assessments due the superintendent of financial institutions; (2) Claims given priorities under other provisions of state or federal law; (3) Wages, sal...

...ll persons, of both of the following: (1) The commencement or continuation, including the issuance or employment of process, of a judicial, administrative, or other action or proceeding against the state bank that was or could have been commenced before the filing; (2) The enforcement against the bank of a judgment or other claim obtained before the filing, including claims of security, preference, priority, and of...

... following, to the extent applicable: (1) Declare all of the following: (a) The bank has been properly wound up. (b) All known assets of the bank have been distributed according to the distribution priorities set forth in this chapter. (c) The bank is dissolved. (2) If there are known debts or liabilities, describe the provision made for their payment, setting forth whatever information may be necessary to enabl...

...r purposes of this section and sections 1127.02 and 1127.03 of the Revised Code, "regulated person" has the same meaning as in section 1121.01 of the Revised Code. (B) Any of the following actions by a regulated person may constitute a violation of section 1127.08 of the Revised Code or of a theft, fraud, falsification, or other similar offense set forth in Title XXIX of the Revised Code, or may constitute an attemp...

...d conditions established under sections 113.50 to 113.56 of the Revised Code. For that purpose, the treasurer shall do all of the following: (1) Develop and implement the program in a manner consistent with the provisions of sections 113.50 to 113.56 of the Revised Code; (2) Engage the services of consultants on a contract basis for rendering professional and technical assistance and advice; (3) Seek rulings an...