Tenn. Comp. R. & Regs. 0180-15-.03 - APPLICATIONS
(1) An out-of-state holding company, a
Tennessee holding company, or out-of-state or in-state financial institution,
seeking to acquire, directly or indirectly, a Tennessee state-chartered
financial institution where such institution will remain in Tennessee
state-chartered institution immediately after the acquisition, shall file with
the commissioner of financial institutions:
(a) an application in such form as the
commissioner may prescribe from time to time; and
(b) a copy of the completed application or
applications which are filed with the appropriate federal regulatory authority
with jurisdiction over the proposed acquisition.
(2) The application will be accepted as
officially filed when, in the sole determination of the commissioner, the
application is deemed complete.
(3)
A Tennessee bank holding company or Tennessee-chartered bank seeking to
acquire, directly or indirectly, an out-of-state financial institution and
merge that institution into a bank chartered by the state of Tennessee, so that
the resulting institution is a bank chartered by the state of Tennessee, shall
file an application and follow the procedures outlined in T.C.A. §§
45-2-1304 through
45-2-1306.
Notes
Authority: T.C.A. §§ 45-1-107, 45-2-614, 45-2-1304, 45-2-1405, 45-3-801, 45-3-1102, 45-3-1104, 45-3-1403, 45-14-103, and 45-14-113.
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