750 IAC 10-1-10 Schedule of fees for applications

Sec. 10. (a) Under IC 28-11-3-5, the schedule of fees for services rendered and the duties performed by the department in the administration of financial institutions for the following applications is as follows: FINANCIAL INSTITUTION FORMATION BASE FEES Interim Institution $2,000 Full-Service Institution Upon Submission of Application $4,000 Full-Service Institution Upon Department's Approval of Application $4,000 BANK HOLDING COMPANY Bank Holding Company Acquisition $5,000 Bank Holding Company Acquisitions (including Interim Bank and Merger) $5,000 CHANGE OF CONTROL $500 MERGER FEE FOR BANKS, TRUST COMPANIES, SAVINGS BANKS, BUILDING AND LOAN ASSOCIATIONS, INDUSTRIAL AUTHORITIES, TRUST DEPARTMENTS, AND CORPORATE FIDUCIARIES $1,000 MERGER FOR CREDIT UNION $500 CONVERSIONS National Bank to State Charter $0 Federally Chartered Savings and Loan to Bank or Savings Bank $0 Mutual Savings Bank to Stock Savings Bank $0 State Chartered Savings and Loan to Bank or Savings Bank $0 Federal Credit Union to State Charter $0 MUTUAL HOLDING COMPANY REORGANIZATION $1,000 ESTABLISHMENT OF A BRANCH Full-Service Branch $500 ESTABLISHMENT OF A TRUST OFFICE $500 RELOCATION OF MAIN OFFICE OR BRANCH $500 BANK HOLDING COMPANY FORMATION $1,000 CONSOLIDATION $1,000 VOLUNTARY DISSOLUTION Time of Submission of Application $2,500 ISSUANCE OF SUBORDINATED DEBT AS CAPITAL $0 ESTABLISHMENT OF A NONQUALIFYING SUBSIDIARY $500 (b) The base fees listed in subsection (a) are the minimum amounts charged for an application. Actual expenses are charged at eighty dollars ($80) per hour, or a part thereof, for all personnel involved in processing, analyzing, or investigating an application. Actual expenses also include transcript preparation, administrative law judge fees, and travel expenses for the members of the department and office personnel. If an actual expense exceeds the basic fee for an application, the amount of the actual expense is charged for the application. Actual expenses of an application for a: (1) conversion; (2) merger; or (3) consolidation; examination shall not exceed thirty thousand dollars ($30,000). (c) Financial institutions in the process of voluntary dissolution are not charged an annual fee after the board resolution authorizing the dissolution has been approved by the department under IC 28-1-9-3. (d) Fees are not imposed if an institution involved in an application is insolvent or is in imminent danger of becoming insolvent, as determined by the director. (e) For purposes of this article, "director" has the meaning as set forth in IC 24-4.5-1-301.5(13) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.].