§ 53C-8-1 – Commissioner has authority to supervise banks.
53C-8-1. Commissioner has authority to supervise banks. (a) Every bank shall be under the supervision of the Commissioner. It shall be the Commissioner’s duty to enforce the banking laws through the employees and agents of the OCOB. All banks shall conduct their business in a manner consistent with the banking laws. (b) The Commissioner may […]
§ 53C-8-2 – Assessments and fees.
53C-8-2. Assessments and fees. Banks shall pay the following assessments and fees into the OCOB within 10 days after receipt of an invoice: (1) Annual assessments. – Each bank shall pay a cumulative assessment based on its total assets as shown on its report of condition made to the Commissioner as of December 31 each […]
§ 53C-8-3 – Reports required of banks.
53C-8-3. Reports required of banks. (a) Each bank shall file the following with the Commissioner, at such times, on such forms, and in such formats as the Commissioner may require: (1) Annual reports of conditions. (2) Periodic reports for interim periods within a year, not less than monthly in any case. (b) In addition to […]
§ 53C-7-201 – Combination authority.
53C-7-201. Combination authority. With the approval of the Commissioner, a bank may combine with one or more depository institutions or non-depository institutions, provided that the bank is the surviving entity in any combination with a non-depository institution. The application for approval shall be in the form required by the Commissioner and shall be accompanied by […]
§ 53C-7-202 – Combination application and investigation.
53C-7-202. Combination application and investigation. (a) A bank seeking approval of a combination shall file with the Commissioner an application for approval, copies of the agreement under which the bank proposes to effect the combination, and such additional information as the Commissioner shall require by rule or as is required by the Commissioner in connection […]
§ 53C-7-203 – Decision on application.
53C-7-203. Decision on application. Based on the application and the Commissioner’s examination, the Commissioner shall enter an order approving or denying approval of the proposed combination not later than the 60th day following the date the Commissioner notifies the parties that the application is complete, unless extraordinary circumstances require a longer period of review. (2012-56, […]
§ 53C-7-204 – Interim banks.
53C-7-204. Interim banks. The Commissioner may approve an application to organize an interim bank solely for the purpose of effecting a combination under this Article. No interim bank shall transact any business except as is incidental and necessary to its organization and the combination. The Commissioner may set forth in the order approving the organization […]
§ 53C-6-20 – Savings promotion raffles.
53C-6-20. Savings promotion raffles. A bank may offer a savings promotion raffle in which the sole consideration required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program offered by the bank. A bank shall maintain records sufficient to facilitate […]
§ 53C-7-101 – Control transactions.
53C-7-101. Control transactions. (a) Except as otherwise expressly permitted by this section, a person shall not engage in a control transaction, as defined by G.S. 53C-1-4(22), involving a bank without the prior approval of the Commissioner. A person may contract to engage in a control transaction with the consummation of such control transaction being subject […]
§ 53C-7-102 – Application regarding a control transaction.
53C-7-102. Application regarding a control transaction. (a) A person seeking approval of a control transaction involving a bank under this Article shall file the following with the Commissioner: (1) An application in the form prescribed by the Commissioner. (2) All filing fees required by a rule of the Commissioner. (3) Such information as is required […]