§ 23-46-403 - Applications. - Arkansas Statutes

23-46-403. Applications.

When any of the following applications are filed with the Bank Commissioner, the sponsors of such applications shall give notice of filing in accordance with State Bank Department regulations:

(1) An application for the issuance of a new state bank charter;

(2) An application for the merger or consolidation of one (1) or more banks into a state bank;

(3) An application for the merger or consolidation of one (1) or more savings and loan associations into a state bank;

(4) An application for the purchase by one (1) state bank of greater than fifty percent (50%) of the assets of another depository institution or an application for the assumption by one (1) state bank of greater than fifty percent (50%) of the liabilities of another depository institution; or

(5) An application for the change of a state bank's place of business from one municipality to another.