658.285 – Acquisition or Ownership of State Banks by International Banking Corporations.
658.285 Acquisition or ownership of state banks by international banking corporations.—An international banking corporation may, with the approval of the office pursuant to s. 658.28, acquire control over or organize a state bank organized under the laws of this state. For the purposes of this section, the word “bank” shall have the meaning given in s. […]
658.2953 – Interstate Branching.
658.2953 Interstate branching.— (1) SHORT TITLE.—This section may be cited as the “Florida Interstate Branching Act.” (2) PURPOSE.—The purpose of this section is to provide for the regulation of interstate branching, in accordance with this section and consistent with the Federal Deposit Insurance Act, as amended, 12 U.S.C. ss. 1811 et seq.; the Bank Holding Company Act of […]
658.30 – Application of the Florida Business Corporation Act.
658.30 Application of the Florida Business Corporation Act.— (1) When not in direct conflict with or superseded by specific provisions of the financial institutions codes, the provisions of the Florida Business Corporation Act, part I of chapter 607, and, if applicable, part II or part III of chapter 607, extend to state banks and trust companies formed […]
658.32 – Annual Meetings.
658.32 Annual meetings.—Unless otherwise approved by the office, the annual meeting of stockholders of a state bank or trust company shall be held on such day in the first 4 months of each year as is specified therefor in the articles of incorporation or in the bylaws of the corporation; however, when the day fixed in […]
658.33 – Directors, Number, Qualifications; Officers.
658.33 Directors, number, qualifications; officers.— (1) The board of directors of a bank or trust company must consist of at least five directors, each of whom must be elected, except in cases in which a director must be appointed to fill a vacancy. Elections are to be held at the annual meeting of stockholders or at a […]
658.34 – Shares of Capital Stock.
658.34 Shares of capital stock.— (1) A bank or trust company shall issue its capital stock with par value of not less than $1 per share. (2) No bank or trust company shall issue any shares of capital stock at a price less than par value, and prior to issuance, any such shares must be fully paid in […]
658.35 – Share Options; Warrants.
658.35 Share options; warrants.— (1) After obtaining the approval of the majority of the board of directors, the majority of the holders of common stock of the bank, and the office and after complying with the provisions of s. 607.0624, any bank or trust company may, for the purpose of providing share options for or issuing warrants […]
658.21 – Approval of Application; Findings Required.
658.21 Approval of application; findings required.—The office shall approve the application if it finds that: (1) Local and target market conditions indicate reasonable promise of successful operation for the proposed state bank or trust company. In determining whether an applicant meets the requirements of this subsection, the office shall consider all materially relevant factors, including: (a) The purpose, […]
658.36 – Changes in Capital.
658.36 Changes in capital.— (1) A state bank or trust company may not reduce the number of shares of its outstanding capital stock without first obtaining the approval of the office. Approval shall be withheld if the reduction will cause capital accounts to be less than the minimum required pursuant to the financial institutions codes. (2) A state […]
658.22 – Coordination With Federal Agencies.
658.22 Coordination with federal agencies.—Upon approval by the office of the application for authority to organize a state bank, the office shall forward a copy of its final order to the appropriate federal regulatory agencies. The failure of an applicant to apply for membership in the Federal Reserve System or apply for the insurance of accounts […]