SECTIONS 3750-3754 - California Statutes

FINANCIAL CODE

SECTION 3750-3754

3750. This chapter does not apply to any of the following
transactions:
(a) An acquisition of control of a California state bank that
requires the approval of the commissioner under Article 7 (commencing
with Section 700) of Chapter 5.
(b) A sale or merger that requires the approval of the
commissioner under Division 1.5 (commencing with Section 4800).

3751. Each application filed with the commissioner for an approval
under this chapter shall be in the form, shall contain the
information, shall be signed in the manner, and shall, if the
commissioner requires by regulation or order, be verified in the
manner that the commissioner may by regulation or order require.

3752. The fee for filing with the commissioner an application for
an approval under this chapter is two thousand five hundred dollars
($2,500).

3753. (a) The definitions that are set forth in or are applicable
to Section 3(d) of the Bank Holding Company Act of 1956 (12 U.S.C.
Sec. 1842(d)) apply to this section.
(b) The commissioner may approve an acquisition by a bank holding
company that is subject to Section 3(d)(2)(B) and (D)(ii) of the Bank
Holding Company Act of 1956 (12 U.S.C. Sec. 1842(d)(2)(B) and (D)
(ii)) if the commissioner finds that the acquisition is consistent
with the public convenience and advantage in this state.

3754. (a) The definitions that are set forth in or are applicable
to Section 44 of the Federal Deposit Insurance Act (12 U.S.C. Sec.
1831u) apply to this section.
(b) This section does not apply if each bank involved in an
interstate merger transaction (including each insured depository
institution that is an affiliate of the surviving, resulting, or
purchasing bank) that is organized under the laws of this state or
that maintains a branch office in this state, is an industrial loan
company (as defined in Section 4805.10).
(c) The commissioner may approve an interstate merger transaction
that is subject to Section 44(b)(2)(B) and (D)(ii) of the Federal
Deposit Insurance Act (12 U.S.C. Sec. 1831u(b)(2)(B) and (D)(ii)) if
the commissioner finds that the transaction is consistent with the
public convenience and advantage in this state.