Banks

Banks

Pursuant to Arizona Administrative Code R20-4-104, the Superintendent has the discretion to accept alternative application forms, but it does not limit the Superintendent’s power to require additional information necessary to complete an application.

As a general rule for banks, and in a Federal/State cooperative effort to cut down on duplicate application submission, a copy of the application submitted to the appropriate federal agency is the acceptable form to submit to AZDFI.  For Non- Member banks contact FDIC.  For Member banks contact FRB.

Please refer to Arizona Revised Statutes §§6-101 through 6-395 and Arizona Administrative Code R20-4-201 through R20-4-215 for Arizona Law.  You can contact Greg Dunn at 602-771-2822 for specific questions to Arizona statutes and rules.   Please contact your chosen federal regulator for specific questions on federal laws and regulations.

FORMS & FEES

Description	Fees	Forms
New Bank Organization Interagency Charter and Federal Deposit Insurance Application FDIC 3064-0001	$1000.00	Portal Instructions / Registration  DFI License Application   Federal Deposit Insurance Application (FIL3064-001) Background Check Regulatory Agency Clause
For State member banks see:	$00.00	Portal Instructions / Registration  DFI License Application   Application For Membership In The Federal Reserve System Background Check
To move a banking office to other than an established office of a bank	$1000.00	Portal Service Request Instructions DFI Service Request
To establish a banking branch office	$750.00	Portal Service Request Instructions DFI Service Request
Application for Consent to Exercise Trust Powers FDIC 6200/09	$00.00	Portal Service Request Instructions DFI Service Request   Application for Consent to Exercise Trust Powers
Name Change To change the licensee name on a financial institution or enterprise license, two hundred fifty dollars.	$250.00	Portal Service Request Instructions DFI Service Request
For Out Of State Banks: Application to Establish a Branch, Limited Branch Office, Interstate Branch or to Relocate a Branch or limited Branch Office (CSBS) For banks entering the state under the Dodd's Frank Act please provide AZDFI with, your state regulatory approval, FDIC/FRB approval, Corporation Commission approval, information keeping us informed and a contact person for complaints by Arizona Residents	$00.00	Portal Service Request Instructions DFI Service Request
To apply for approval for the merger or consolidation of two or more financial institutions, five thousand dollars per institution.	$5000.00	Portal Service Request Instructions DFI Service Request   State Member Acquisition/Merger
Interagency Notice of Change in Director of Senior Executive Officer FDIC 3064-0097	$00.00	Portal Service Request Instructions DFI Service Request   Change In Director of Senior Executive Officer
For State member banks:  Interagency Notice of Change in Director of Senior Executive Officer FDIC 3064-0097		Portal Service Request Instructions DFI Service Request   Change In Director of Senior Executive Officer
For the following applications see: (https://www.fdic.gov/regulations/laws/forms/applications.html)	$00.00	Applications pursuant to Prompt Corrective Action Applications for Brokered Deposit Waiver Application to Establish or Relocate Domestic Branch of Office Application for an Extension of Time Application to Enter Contracts and Make Golden Parachute or Excess Severance Plan Payments Application to reduce or Retire Capital Stock or Capital Debt
For member banks see:	$00.00	Application/structure change
Request for Background Check	$64.95	Background Check
Nationwide Cooperative Agreement for uniform interstate application/Notice	$1000.00	Agreement Applications

   

LAWS, RULES, SUBSTANTIVE POLICY STATEMENT AND REGULATORY ALERTS

Chapter 2 BANK ORGANIZATION AND REGULATION

Article 1     General Provisions

6-181             Declaration of purposes

6-182            Transition

6-183            Rights, powers and privileges of national banks

6-184            General corporate and banking powers; incidental powers; deposit insurance; federal reserve and home loan bank membership; agency relationship

6-185            Board of directors' meetings; review; report of failure of quorum to meet

6-186           Annual audit and report

6-187           Authority to declare dividends; limitation

6-188           Bonds and insurance; coverage

6-189           Capital obligations; approval; convertibility

6-190           Bank offices; standards and term of approval; closing; automated teller machines

6-191           Foreign banking offices; additional powers; separate accounts; additional offices; definition

6-192            Investments in international and foreign banking and financing corporations; limitation; consent; exceptions

6-193            Bank and holding company subsidiaries; powers

  

Article 2     Banking Permit

6-201             Authority to engage in banking business; exception

6-202             Existing banks

6-203              Application for banking permit; organizational application; final application

6-204             Issuance of banking permit; trust business; conditional approval; hearing; banker's bank; definitions

6-205            Term of permit; surrender; revocation

  

Article 3      Merger, Consolidation and Conversion of National and State Banks

6-211              Definitions

6-212              Resulting national bank

6-215              Retention of nonconforming assets; permission; maximum value

6-216             Continuation of business and corporate entity

6-217              Emergency acquisition of in‑state financial institution

  

Article 4     Accounts

6-231             Deposit accounts

6-232            Powers of attorney; notice of revocation; payment after notice

6-233            Adverse claim to bank deposit; court order required; definitions

6-234             Deposit of minor; school saving plan

6-235            Bank deposits in two or more names; payment to survivor

6-236            Payment of deposits in trust

6-237            Payment of deposit to foreign personal representative

  

Article 5     Regulation of Conduct of Business

6-241             Banking days; notice; closing

6-242             Preservation of bank records; regulations; disposal

6-243             Acquisition of property to satisfy or protect loans

6-244            Borrowing by bank; treatment as capital

6-245            Pledge of assets; rediscount; exception to requirement of security

6-246            Permitted investments; limitations

  

Article 6     Reserves

6-271             Reserves against deposits; rule; limitations

6-272             Deposits exempt from reserve requirement

6-273             Form of reserves; limitations

6-275             Computation of reserves

  

Article 7     Arizona Interstate Bank and Savings and Loan Association Act

6-321             Definitions

6-322            Interstate acquisitions; approval of superintendent; exception

6-324            De novo entry by certain financial institutions

6-325           Failure to act on application as approval

6-326           Denial of application; grounds

6-327           Applicable laws and rules; cooperative agreements; contracting exemption

6-328          Deposit concentration limits

6-329          Deposit production offices

6-330          Rights, powers and privileges of out‑of‑state banks

6-331           Enforcement

  

Article 9     Loans

6-351             Definitions

6-352             Limitations of obligations to a bank; exceptions; definitions

6-353            Obligations of directors, officers and employees; reports

6-354            Loans on capital stock or capital obligations of a bank

6-355           Change loans

  

Article 11      Trust Business

6-381               Authority of bank to engage in the trust business

6-382               Powers of bank as fiduciary

6-383               Identification and segregation of fiduciary assets

6-384              Deposit of fiduciary funds

6-385             Substitution of corporate fiduciary

6-386             Investment by fiduciaries; governmental obligations

  

Article 12      Prohibited Practices; Penalties

6-391                Unauthorized conduct of banking business; false representation

6-394               Prohibited ownership or control of a financial institution and interest in insurer insuring deposits; assets and reserves of insurer

  

Article 13      Liquidation and Dissolution

6-395                Possession by superintendent and receivership

6-395.01          Powers of superintendent in possession

6-395.02         Federal deposit insurance corporation as receiver

6-395.03         Federal deposit insurance corporation power pending judicial proceedings

6-395.04         Right of subrogation of federal deposit insurance corporation

6-395.05         Effect of receivership proceedings on liens and limitations

6-395.06         Rights, powers and duties of a receiver

6-395.07         Sale of bank assets; authority to borrow monies; injunction; hearing

6-395.08        Rejection of contracts and leases on liquidation

6-395.09        Notice to claimants on liquidation

6-395.10        Disposition of unclaimed property

6-395.11         Priority of claims; interest

6-395.12        Payment of claims and distribution to stockholders on liquidation

6-395.13        Voluntary liquidation and dissolution

6-395.14        Voidable transactions

6-395.15        Notice of taking; effect

  

Chapter 10 SAFE DEPOSIT AND SAFEKEEPING

  

Article 1     General Provisions

6-1001           Definitions

6-1002           Legal relationship in use of safe deposit facilities

6-1003          Change of location of repositories

6-1004          Tenancy in two or more names

6-1005          Lease to a minor

6-1006         Adverse claims to repository; definitions

6-1007          Lessee's death or incompetency; revocation of power of attorney

6-1008          Procedure on death of lessee

6-1009         Lessor's lien; default of lessee; or failure to surrender

  

Chapter 11 FINANCIAL INSTITUTION HOLDING COMPANIES

  

Article 1     General Provisions

6-1101           Definitions

6-1102          Prohibitions

6-1103          Exempt persons and transactions

6-1104          Acquisition of control; approval by superintendent

6-1105         Application for approval

6-1106          Material change of fact; filing amended statements

6-1107        Denial of application; grounds

6-1108        Failure to act on application as approval

6-1109        Determination of control of one person by another; hearing; notice

6-1110        Appointment of superintendent as agent for service of process; forwarding of process; consent to jurisdiction

6-1112        Acquisition of voting securities in violation of article; limitation on rights as shareholder; injunction

6-1113       Reports; examination; costs

  

Chapter 15 TAXES ON FINANCIAL INSTITUTIONS

  

Article 1     General Provisions

6-1501          Method of taxing national banking associations

6-1502          Method of taxing banks, investment companies and savings and loan associations

  

Chapter 16 FINANCIAL INSTITUTIONS DATA MATCH AND DATA EXCHANGE

  

Article 1      General Provisions

6-1601           Financial institutions data match and data exchange; surrender of assets of delinquent taxpayer; nonliability

 

Arizona Administrative Code Title 20

 

ARTICLE 1.      GENERAL

Section
R20-4-101.          Scope of Article 
R20-4-102.         Definitions
R20-4-103.         Fingerprints
R20-4-104.         Acceptance of Other Forms
R20-4-105.         Claims Against a Deposit in Place of Bond
R20-4-106.         Bankruptcy
R20-4-107.         Licensing Time-frames

Table A. Licensing Time-frames

Section
R20-4-101. Scope of Article 
R20-4-102. Definitions
R20-4-103. Fingerprints
R20-4-104. Acceptance of Other Forms
R20-4-105. Claims Against a Deposit in Place of Bond
R20-4-106. Bankruptcy
R20-4-107. Licensing Time-frames
Table A. Licensing Time-frames

TITLE 20, ARTICLE 2. BANK ORGANIZATION AND REGULATION

Section
R20-4-201. Articles of Incorporation
R20-4-202. Bylaws
R20-4-203. Repealed
R20-4-204. Repealed
R20-4-205. Repealed
R20-4-206. Bankers Blanket Bond Coverage -- A.R.S. § 6-188
R20-4-207. Capital Obligations
R20-4-208. Repealed
R20-4-209. Notice of Permanent Closing of Banking Office
R20-4-210. Repealed
R20-4-211. Application for a Banking Permit
R20-4-212. Repealed
R20-4-213. Repealed
R20-4-214. Preservation of Records
R20-4-215. Trust Business

ARTICLE 10. SAFE DEPOSIT AND SAFEKEEPING CODE

Section
R20-4-1001. Notice of Change of Location of Safe Deposit Repository

ARTICLE 11. PUBLIC DEPOSITORIES FOR PUBLIC MONIES

Section
R20-4-1101. Capital structure of banks; defined
R20-4-1102. Capital structure of savings and loan associations; defined

ARTICLE 16. ACQUIRING CONTROL OF FINANCIAL INSTITUTIONS

Section
R20-4-1601. Definitions
R20-4-1602. Application for Approval to Acquire Control of Financial Institution
R20-4-1603. Repealed
R20-4-1604. Repealed

ARTICLE 17. ARIZONA INTERSTATE BANK AND SAVINGS AND LOAN ASSOCIATION ACT

Section
R20-4-1701. Definitions
R20-4-1702. Notice to the Superintendent of Intent to Acquire Control of an In-state Financial Institution; Surrender of an Acquired Financial Institution's Charter
R20-4-1703. Repealed
R20-4-1704. Public Notice
R20-4-1705. Repealed
R20-4-1706. Repealed
R20-4-215. Trust Business
All banks authorized to conduct trust business under their banking permit shall comply with the applicable requirements of R20-4-808 through R20-4-816.

ARTICLE 11. PUBLIC DEPOSITORIES FOR PUBLIC MONIES

Section
R20-4-1101. Capital structure of banks; defined

Substantive Policy Statements

ARTICLE 2. BANKS
MINIMUM AUDIT PROCEDURES	BA-1  FDIC
LEGAL LENDING LIMIT	BA-2
LEGAL LENDING RESTRICTIONS	BA-3
CALCULATING LEGAL LENDING LIMITS	BA-5
LOAN PRODUCTION OFFICE	BA-6
FINANCIAL ACCOUNTING STANDARD 115	BA-8

Regulatory Alerts - N/A

Examination

The Department utilizes the C.A.M.E.L.S. (Capital Adequacy, Asset Quality, Management Quality, Earnings, Liquidity and Sensitivity to Market Risk) rating system as a primary tool in the regulation of all state-chartered banks. This rating system examination format is used to maintain consistency with our federal counterparts, the Federal Deposit Insurance Corporation, the Federal Reserve Bank and the Comptroller of the Currency.

Proactive supervision and examinations ensure that AZDFI maintains a credible, responsive and sound regulatory environment for all bank depositors within the State of Arizona.

Call Reporting

Please follow the instructions for submitting call reports as instructed by FDIC below and send a copy to the Department via Confidential e-mail submission.

Links:

• FDIC - Consolidated Reports of Condition and Income
   
• FDIC Regulatory Capital Rules, Frequently asked Questions
   
• Call Report 

ENCRYPTED EMAIL

 AZDFI has adopted a new internet-based encryption e-mail system called Virtru. Virtru will to keep your submissions confidential.  Click HERE for more information.