Section 5-3A-1 – Required Times; Items to Be Examined; Applicability to Bank Holding Companies and Affiliates.

Section 5-3A-1 Required times; items to be examined; applicability to bank holding companies and affiliates. (a) For purposes of this section, a bank holding company is a holding company organized under the laws of Alabama or another state in the United States that directly owns a majority of the voting securities of an Alabama state […]

Section 5-3A-10 – False Reports by Bank Examiners.

Section 5-3A-10 False reports by bank examiners. Any bank examiner who shall make a report under oath as to the result of any examination made by him which is knowingly and willfully false shall be guilty of perjury. (Acts 1980, No. 80-658, §5-3-10.)

Section 5-3A-11 – Reports of Examination; Meetings of Banking Board; Confidentiality.

Section 5-3A-11 Reports of examination; meetings of Banking Board; confidentiality. All reports of examination, records reflecting action of a bank or bank holding company, or affiliate of either, taken pursuant thereto, and records and minutes of meetings of the Banking Board relating to a bank or several banks or a bank holding company, or affiliate […]

Section 5-3A-12 – Semiannual Reports by Banks – Required; Verification.

Section 5-3A-12 Semiannual reports by banks – Required; verification. All banks shall make to the superintendent, on the call of the superintendent for such report, not less than two reports during each year, according to the form which may be prescribed by the superintendent. Such report must be verified by the oath or affirmation by […]

Section 5-3A-13 – Semiannual Report by Banks – Special Reports of Banks.

Section 5-3A-13 Semiannual report by banks – Special reports of banks. The superintendent may call for a special report from any particular bank whenever, in his judgment, the same is deemed necessary for the protection of the public or for a full and complete knowledge of the condition of the bank by the superintendent. A […]

Section 5-3A-14 – Semiannual Report by Banks – Form; Publication; Penalty for Late Report.

Section 5-3A-14 Semiannual report by banks – Form; publication; penalty for late report. Each report required by Section 5-3A-12 shall exhibit in detail and under appropriate head the resources and liabilities of each bank at the close of business on any past day specified by the superintendent, not more than five days prior to the […]

Section 5-3A-15 – Semiannual Reports by Banks – Republication.

Section 5-3A-15 Semiannual reports by banks – Republication. If there are discrepancies in the published report of the bank and the sworn report furnished to the superintendent and if, in the opinion of the superintendent, the discrepancies are due to clerical errors, the superintendent shall notify the bank to republish the report so as to […]

Section 5-3A-16 – Failure to Pay for Publication of Bank Report by Superintendent.

Section 5-3A-16 Failure to pay for publication of bank report by superintendent. Any bank which fails or refuses to pay the cost and expense of the publication by the superintendent of any report of the bank made in pursuance of the requirements of law shall pay to the state $100.00 plus cost of publication. (Acts […]

Section 5-3A-17 – Verification of False Report of Condition of Bank.

Section 5-3A-17 Verification of false report of condition of bank. Any person who knowingly and willfully signs or verifies by oath or affirmation any false report of the condition of a bank to the superintendent, on call of the superintendent for such report, shall be guilty of perjury. (Acts 1980, No. 80-658, §5-3-17.)

Section 5-3A-2 – Acceptance of Examinations and Reports of Federal Bank Regulatory Agency, Etc.

Section 5-3A-2 Acceptance of examinations and reports of federal bank regulatory agency, etc. The superintendent is authorized to accept, in his discretion, in lieu of any examination authorized by the laws of this state to be conducted by his department the examination that may have been made of same within a reasonable period by a […]

Section 5-3A-3 – Disclosure of Information Obtained by Superintendent, Bank Examiners, Etc.

Section 5-3A-3 Disclosure of information obtained by superintendent, bank examiners, etc. (a) Neither the superintendent, any member of the Banking Board, nor any bank examiner or other state employee shall disclose the condition and affairs of any bank or bank holding company, or their subsidiaries or other affiliates, ascertained by an examination of such bank, […]

Section 5-3A-4 – Expenses of Special Examinations.

Section 5-3A-4 Expenses of special examinations. The expenses incidental to any special examination of banks, bank holding companies, or their affiliates shall be borne by the bank or bank holding company so examined, and such bank or bank holding company shall, on the call of the superintendent, pay into the Treasury of Alabama, earmarked for […]

Section 5-3A-5 – Examination of Agency of Foreign Banks.

Section 5-3A-5 Examination of agency of foreign banks. The superintendent shall have the power to examine or cause to be examined every agency located in this state of any foreign bank for the purpose of ascertaining whether it has violated any law of the state and for such other purposes and to such other matters […]

Section 5-3A-6 – Examination of Witnesses and Production of Documents; Penalties for False Entry or Statement; Proceedings Against Former Employees.

Section 5-3A-6 Examination of witnesses and production of documents; penalties for false entry or statement; proceedings against former employees. (a) For purposes of this section, a bank holding company is a holding company organized under the laws of Alabama or another state in the United States that directly owns a majority of the voting securities […]

Section 5-3A-7 – False Swearing, etc., Before Bank Examiners or Superintendent.

Section 5-3A-7 False swearing, etc., before bank examiners or superintendent. Any person who willfully or corruptly swears or affirms falsely, when being examined under oath by any bank examiner or the superintendent in regard to any material matter or thing, shall be guilty of perjury. (Acts 1980, No. 80-658, §5-3-7.)

Section 5-3A-8 – Reports of Superintendent and Bank Examiners as to Examinations; Publication of Reports of Examination for Limited Purposes.

Section 5-3A-8 Reports of superintendent and bank examiners as to examinations; publication of reports of examination for limited purposes. Each examiner shall report under oath to the superintendent the result of each examination made by him, which report the superintendent shall keep on file in his office for a period of not less than two […]

Section 5-3A-9 – Loans, Gifts, Favors, etc., to Banking Department Employees From Banks, Employees, etc., Prohibited.

Section 5-3A-9 Loans, gifts, favors, etc., to Banking Department employees from banks, employees, etc., prohibited. (a) No officer, agent or employee of any bank shall offer or give to an employee of the State Banking Department or his family, and no such employee nor his family shall solicit or receive anything of value directly or […]