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 […]
658.37 – Dividends and Surplus.
658.37 Dividends and surplus.— (1) The directors of any bank or trust company, after charging off bad debts, depreciation, and other worthless assets if any, and making provision for reasonably anticipated future losses on loans and other assets, may quarterly, semiannually, or annually declare a dividend of so much of the aggregate of the net profits of […]
658.23 – Submission of Articles of Incorporation; Contents; Form; Approval; Filing; Commencement of Corporate Existence; Bylaws.
658.23 Submission of articles of incorporation; contents; form; approval; filing; commencement of corporate existence; bylaws.— (1) Within 3 months after approval by the office and the appropriate federal regulatory agency, the applicant shall submit its duly executed articles of incorporation to the office, together with the filing fee due the Department of State under s. 607.0122. (2) The […]
658.38 – Deposit Insurance.
658.38 Deposit insurance.—A state bank must, prior to opening, obtain and thereafter maintain insurance of its deposits by the Federal Deposit Insurance Corporation. History.—s. 2, ch. 28016, 1953; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 28, 151, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 1, ch. 91-307; ss. 1, 122, ch. 92-303. […]
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 […]