Florida Regulations 69U-105.208: Relocation of Opened State Financial Institutions and Redesignation of Main Office or Branch Office
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(1) The site of a state financial institution office which has been in operation for at least 18 months may be relocated to a new site in any county of this state where the state financial institution currently has an authorized branch office with at least 30 days prior written notification to OFR. Such notification shall include the following minimum information:
(a) The name and address of the office.
(b) The exact street address for the proposed site, or the legal description if street address is not available.
(c) The distance and direction of the proposed location from the present location.
(d) The anticipated effective date for completion of the relocation.
(e) Plans for disposal of the present building or lease and leasehold improvements, if applicable.
(f) A schedule of applicant’s present and proposed investment in fixed assets to confirm compliance with the fixed asset investment requirements of Florida Statutes § 658.67(7)
(2) The redesignation of a main office and a branch may be made as provided in subsection 69U-105.405(2), F.A.C.
(3) The site of a state financial institution office which has been in operation less than 18 months may be relocated to a new site in any county of this state where the state financial institution currently has an authorized branch office with the prior written approval of OFR. Any such request for permission to relocate should be submitted by letter to OFR to demonstrate that the relocation will not create an unsafe and unsound condition. The letter should contain the minimum information required in Fl. Admin. Code R. 69U-105.206(6)(d), for relocating an approved but unopened state financial institution.
Rulemaking Authority Florida Statutes § 655.012(3). Law Implemented 120.60(5), 658.26(3)(a), (b), 665.013 FS. History-New 5-24-78, Amended 6-9-81, Formerly 3C-10.071, Amended 6-20-90, Formerly 3C-10.0071, Amended 8-14-94, Formerly 3C-105.208.
Terms Used In Florida Regulations 69U-105.208
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(b) The exact street address for the proposed site, or the legal description if street address is not available.
(c) The distance and direction of the proposed location from the present location.
(d) The anticipated effective date for completion of the relocation.
(e) Plans for disposal of the present building or lease and leasehold improvements, if applicable.
(f) A schedule of applicant’s present and proposed investment in fixed assets to confirm compliance with the fixed asset investment requirements of Florida Statutes § 658.67(7)
(2) The redesignation of a main office and a branch may be made as provided in subsection 69U-105.405(2), F.A.C.
(3) The site of a state financial institution office which has been in operation less than 18 months may be relocated to a new site in any county of this state where the state financial institution currently has an authorized branch office with the prior written approval of OFR. Any such request for permission to relocate should be submitted by letter to OFR to demonstrate that the relocation will not create an unsafe and unsound condition. The letter should contain the minimum information required in Fl. Admin. Code R. 69U-105.206(6)(d), for relocating an approved but unopened state financial institution.
Rulemaking Authority Florida Statutes § 655.012(3). Law Implemented 120.60(5), 658.26(3)(a), (b), 665.013 FS. History-New 5-24-78, Amended 6-9-81, Formerly 3C-10.071, Amended 6-20-90, Formerly 3C-10.0071, Amended 8-14-94, Formerly 3C-105.208.