Application/Notification Procedure For A Tennessee- Chartered Bank

TO CHANGE THE LOCATION OF ITS MAIN OFFICE OR A BRANCH. (1) In an effort to streamline the application/notification process the Department will look to the appropriate federal regulator to determine what application/notification should be filed by a state- chartered bank to change the location of its main office or a branch. (2) The applicant shall file an application/notification with the Commissioner. (3) The applicant shall give such public notice of the application/notification as the Commissioner may require. The public notice must include: the statement required by Rule 0180-5-.02; the name and present location of the branch or main office; and, the name and proposed new location of the branch or main office upon relocation. Anyone desiring to comment on or to protest the application/notification may do so in accordance with the procedures set forth in Rule 0180-7-.02 (8). (4) The Commissioner shall have such investigation and examination conducted with respect to the application/notification as he or she may require. (5) The Commissioner shall make a determination on the application/notification on the basis of the factors set forth in T.C.A. § 45-2-218; he or she shall send written notice of the decision on the application/notification to the applicant bank. (6) Banks with a regulatory rating of one (1) or two (2) may file written notification of a main office or branch relocation. A copy of the clipping evidencing public notice must be furnished to the Department. The relocation will be deemed approved at the expiration of the public notice comment period as provided by Rule 0180-5-.02, unless the commissioner objects, or requests additional information. If the commissioner requests additional information prior to the expiration of the public comment period, the commissioner shall then have fifteen (15) calendar days from the receipt of the additional information in which to act upon the notification for relocation. (7) For an application to relocate a branch or main office from any other bank, the application shall be deemed to have been approved by the commissioner unless disapproved within ninety (90) calendar days after the submission of the application. The commissioner may extend the ninety (90) day period if additional information is requested. RULES OF PRACTICE: APPLICATIONS, INSTRUCTIONS, FORMS, CHAPTER 0180-7 REPORTS OF STATE BANKS, AND SCHEDULE OF APPLICATION FEES FOR STATE BANKS, BIDCOS, SAVINGS BANKS AND TRUST COMPANIES.