The form of report to the Commissioner of Banking referred to in § 34-3-350 shall be as follows:

To the Commissioner of Banking:

Terms Used In South Carolina Code 34-3-370

  • bank: as used in this title must be construed to include all institutions doing any kind of banking business whose deposits are eligible for insurance by the Federal Deposit Insurance Corporation, excluding a savings bank, and "building and loan association" as used in this title must be construed to include a mutual or stock savings association, savings and loan association, or savings bank and all other institutions doing any kind of building and loan business whose deposits are eligible for insurance by the Federal Savings and Loan Insurance Corporation. See South Carolina Code 34-1-10

The report of the recent examination of this bank has been received, was submitted to the directors at a board meeting held __________ and was duly considered and a record of the action taken made upon the minutes.

( Chief Executive)

Name and location of bank.

We, the undersigned directors of __________ bank, have reviewed the report of the Commissioner of Banking under date of __________.