655.414 – Acquisition of Assets; Assumption of Liabilities.
655.414 Acquisition of assets; assumption of liabilities.—With prior approval of the office, and upon such conditions as the commission prescribes by rule, a financial institution may acquire 50 percent or more of the assets of, liabilities of, or a combination of assets and liabilities of any other financial institution in accordance with the procedures and subject […]
655.416 – Book Value of Assets.
655.416 Book value of assets.—Upon the effective date of a merger, consolidation, conversion, or acquisition pursuant to ss. 655.41-655.419, an asset may not be carried on the books of the resulting financial entity at a valuation higher than that at which it was carried on the books of a participating or converting financial institution at the […]
655.417 – Effect of Merger, Consolidation, Conversion, or Acquisition.
655.417 Effect of merger, consolidation, conversion, or acquisition.—From and after the effective date of a merger, consolidation, conversion, or acquisition, the resulting financial entity or entities may conduct business in accordance with the terms of the plan as approved, subject to the following conditions and limitations: (1) CONTINUING ENTITY.—Even though the charter of a participating or converting […]
655.418 – Nonconforming Activities; Cessation.
655.418 Nonconforming activities; cessation.—If, as a result of a merger, consolidation, conversion, or acquisition, the resulting financial entity is to be of a different type or of a different character than any one or all of the participating or converting financial institutions, such resulting financial entity is subject to the following conditions and limitations: (1) PLAN FOR […]
655.4185 – Emergency Action.
655.4185 Emergency action.— (1) Notwithstanding any other provision of the financial institutions codes or chapter 120, if the office or the appropriate federal regulatory agency, or the appropriate home state regulatory agency for an out-of-state state financial institution, finds that immediate action is necessary to prevent the probable failure of one or more financial institutions; aid in […]
655.419 – Effect.
655.419 Effect.—The provisions of ss. 655.41-655.419 relating to merger, consolidation, conversion, or acquisition of assets of any financial institution are cumulative with all other provisions of the financial institutions codes and do not modify, limit, or repeal any other provisions except as expressly provided in the codes or as stated in an emergency order issued by […]
655.047 – Assessments; Financial Institutions.
655.047 Assessments; financial institutions.— (1) Each state financial institution shall pay to the office a semiannual assessment based on the total assets as shown on the statement of condition of the financial institution on the last business day in December and the last business day in June of each year. (2) If mailed, the semiannual assessment must be […]
655.50 – Florida Control of Money Laundering and Terrorist Financing in Financial Institutions Act.
655.50 Florida Control of Money Laundering and Terrorist Financing in Financial Institutions Act.— (1) This section may be cited as the “Florida Control of Money Laundering and Terrorist Financing in Financial Institutions Act.” (2) The purpose of this section is to require the submission to the office of certain reports and the maintenance of certain records of customers, […]
655.049 – Deposit of Fees and Assessments.
655.049 Deposit of fees and assessments.—The assessments, application fees, late payment penalties, civil penalties, administrative fines, and other fees or penalties provided for in the financial institutions codes shall, in all cases, be paid directly to the office, which shall deposit all thereof in the Financial Institutions’ Regulatory Trust Fund, which fund shall be used by […]
655.51 – Employment Information.
655.51 Employment information.— (1) It is not unlawful for any person to provide employment information to a financial institution or a financial institution regulatory agency, or to any person providing employment information to a financial institution or a financial institution regulatory agency, about an employee’s, or former employee’s, known or suspected involvement in a violation of any […]