To establish or relocate a branch of a Missouri state-chartered bank, please complete the Uniform Interstate Application/Notice.
Forward the completed application to the Missouri Division of Finance at finance@dof.mo.gov. A complete copy should be sent to the Federal Deposit Insurance Corporation or the appropriate Federal Reserve Bank. Questions regarding completion of this application should be directed to Review Examiner Emily Kliethermes at Emily.Kliethermes@dof.mo.gov. Approximate processing time is 30 days. Complete responses to all applicable questions will expedite processing. A filing fee of $300.00 should be mailed to Missouri Division of Finance, P.O. Box 716, Jefferson City, MO 65102.
In addition to the application itself, you must provide this office with a copy of the board resolution which directs and authorizes the officers who sign the application to act on behalf of the bank.
You may provide any information in addition to that requested in this application, which in your opinion might aid in the disposition of your request. Additional information may be required of the applicant after review of the application. All information submitted by the applicant will be treated confidentially by the Missouri Division of Finance.
The Missouri Division of Finance does not have publication requirements. You should contact your primary federal regulator for any specific instructions or publication requirements they may have regarding this application.
Additionally, please be aware of the following Missouri statutes and regulations:
- Section 362.105.2(1) RSMo allows banks to purchase or lease, in an amount not exceeding its legal loan limit, real property and improvements for the convenient conduct of its functions. If the purchase or lease exceeds the legal lending limit, or is from an officer, director, employee, affiliate, principal shareholder or a related interest of such person, prior approval is required.
- Section 362.107.4 RSMo requires this office to consider the convenience, needs, and welfare of the people of the community and area to be served when determining whether or not to approve a branch application. Item 3 of the application form addresses this requirement by requesting a brief narrative. In this statement, please project the dollar amount of loans, deposits, and net income this location will attain by the end of the third year of operations. Please note that in select cases, additional detailed projections and statistical support may be requested.
- Regulation 20 CSR 1140-2.060 states in part that fixed assets including real estate, buildings, and furniture and fixtures should be less than 50 percent of equity capital and reserves. A “Wild Card” letter dated October 3, 2001, raised the percentage for banks with an overall CAMELS rating of “1” or “2” to 75 percent, provided an after-the-fact notice is supplied. Any investment over 75 percent would require prior approval from the Commissioner.