Florida Regulations 69U-105.609: Coordination with Federal Regulatory Agencies
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If the application for a merger is approved by OFR, the final order will be forwarded to and will be subject to approval by the Federal Deposit Insurance Corporation, by the Board of Governors, Federal Reserve System, or by the Office of Thrift Supervision, as applicable. Denial of applications pending or revocation of existing approval orders before any federal regulatory agency(ies) will constitute grounds for denial of approval by OFR.
Rulemaking Authority Florida Statutes § 655.012(3). Law Implemented 658.22, 658.26, 658.38, 658.41, 658.43, 665.013 FS. (See also 12 U.S.C. § 1828(c) and 12 U.S.C. § 1811-1832.) History-New 8-20-76, Amended 2-13-77, 5-19-80, 6-30-81, Formerly 3C-14.12, 3C-14.012, Amended 8-14-94, Formerly 3C-105.609.
Rulemaking Authority Florida Statutes § 655.012(3). Law Implemented 658.22, 658.26, 658.38, 658.41, 658.43, 665.013 FS. (See also 12 U.S.C. § 1828(c) and 12 U.S.C. § 1811-1832.) History-New 8-20-76, Amended 2-13-77, 5-19-80, 6-30-81, Formerly 3C-14.12, 3C-14.012, Amended 8-14-94, Formerly 3C-105.609.
Terms Used In Florida Regulations 69U-105.609
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC