658.67 – Investment Powers and Limitations.
658.67 Investment powers and limitations.—A bank may invest its funds, and a trust company may invest its corporate funds, subject to the following definitions, restrictions, and limitations: (1) INVESTMENTS NOT SUBJECT TO LIMITATION.—A bank or trust company may invest without limitation in the following: (a) Direct obligations of the United States Government. (b) Obligations of agencies created by act […]
658.73 – Fees and Assessments.
658.73 Fees and assessments.— (1) Each state bank and state trust company shall pay to the office examination fees and assessments as follows: (a) A semiannual fee of $2,500; and (b) A semiannual assessment, each in such amount as may be determined by the commission, by rule, but not exceeding 15 cents for each $1,000 of total assets as […]
658.79 – Taking Possession of Insolvent State Banks or Trust Companies.
658.79 Taking possession of insolvent state banks or trust companies.—Whenever the office has reason to conclude, based upon the reports furnished to it by a state bank or trust company examiner or upon other satisfactory evidence, that any state bank or trust company: (1) Is insolvent or imminently insolvent; or (2) Is transacting its business in an unsound, […]
658.80 – Appointment of Receiver or Liquidator.
658.80 Appointment of receiver or liquidator.— (1) Upon taking possession of a state bank or trust company pursuant to s. 658.79, the office shall appoint either a receiver to conserve the assets of the institution or a liquidator to liquidate the assets of the institution and wind up its affairs. (2) The Federal Deposit Insurance Corporation or any […]
658.235 – Subscriptions for Stock; Approval of Major Shareholders.
658.235 Subscriptions for stock; approval of major shareholders.— (1) Within 6 months after commencement of corporate existence, and at least 30 days prior to opening, the directors shall have completed the stock offering and shall file with the office a final list of subscribers to all of the capital stock of the proposed bank or trust company […]
658.39 – Stockholders; Examination of Records.
658.39 Stockholders; examination of records.—No bank, trust company, or financial institution-affiliated party shall permit any stockholder, other than a qualified director, officer, or employee thereof, to have access to, or to examine or inspect, any of the books or records of such bank or trust company other than its general statement of condition of its general […]
658.24 – Organizational Procedures.
658.24 Organizational procedures.—After the corporate existence of a bank or trust company corporation has commenced and the stock has been issued, but no less than 30 days prior to the intended opening date, a shareholders’ meeting shall be held to elect directors already approved by the office, to approve organizational expenses, and to conduct such other […]
658.25 – Opening for Business.
658.25 Opening for business.— (1) A bank or trust company corporation shall open and conduct a general commercial bank or trust business no later than 12 months after the commencement of its corporate existence. (2) At least 30 days prior to its intended opening date, the corporation shall notify the office of its proposed opening date and confirm […]
658.26 – Places of Transacting Business; Branches; Facilities.
658.26 Places of transacting business; branches; facilities.— (1) Any bank or trust company heretofore or hereafter incorporated pursuant to this chapter shall have one main office, which shall be located within the state. (2)(a) In addition, with the approval of the office and upon such conditions as the commission or office prescribes, any state bank or trust company […]
658.27 – Control of Bank or Trust Company; Definitions and Related Provisions.
658.27 Control of bank or trust company; definitions and related provisions.— (1) In ss. 658.27-658.285, unless the context clearly requires otherwise: (a) “Bank holding company” means any business organization which has or acquires control over any bank or trust company or over any business organization that is or becomes a bank holding company by virtue of ss. 658.27-658.285. […]