(a)        An applicant for permission to organize a bank and for a charter must file an application with the Commissioner. The application shall be in the form required by the Commissioner and shall contain such information as the Commissioner requires, set forth in sufficient detail to enable the Commissioner to evaluate the applicant’s satisfaction of the criteria set forth in N.C. Gen. Stat. § 53C-3-4. The applicant shall pay a nonrefundable application fee as provided by rule at the time of filing the application.

(b)        Upon receipt of an application, the Commissioner shall conduct an examination of the applicant and any other matters deemed relevant by the Commissioner. The Commissioner may require additional information and may require the amendment of the application in the course of the examination. An applicant’s failure to furnish all required information or to pay the required fee within 30 days after filing the application may be considered an abandonment of the application. ?(2012-56, s. 4.)

Terms Used In North Carolina General Statutes 53C-3-1

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Bank: Any corporation, other than a credit union, savings institution, or trust company, that is organized under the laws of this State and is engaged in the business of receiving deposits (other than trust funds), paying monies, and making loans. See North Carolina General Statutes 53C-1-4
  • Charter: A document issued by the Commissioner in accordance with Article 3 of this Chapter permitting a bank to conduct banking business. See North Carolina General Statutes 53C-1-4
  • Commissioner: The Commissioner of Banks provided for in N. See North Carolina General Statutes 53C-1-4
  • Examination: A supervisory inspection of a bank, a proposed bank, a holding company, or a branch of an out-of-state bank operating in this State that may include inspection of all relevant information, including information of or about the subsidiaries and affiliates of the bank, proposed bank holding company, or branch. See North Carolina General Statutes 53C-1-4
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