Notification

(1) Any out-of-state holding company, Tennessee holding company, out-of-state or in-state financial institution seeking to acquire, directly or indirectly, a national bank, federal savings association or federal savings bank whose home state is Tennessee, shall provide the department with notice of the proposed acquisition not later than the date on which it files an application with the appropriate regulatory authority with jurisdiction over the proposed acquisition. The applicant shall provide the department with a copy of the application filed with the appropriate regulatory authority. (2) Any out-of-state holding company with Tennessee state-chartered financial institutions as subsidiaries or a Tennessee holding company seeking to acquire, directly or indirectly, a bank, savings association or savings bank whose home state is a state other than Tennessee, shall provide the department with notice of the proposed acquisition not later than the date on which an application is filed with the appropriate regulatory authority with jurisdiction over the proposed acquisition. The applicant shall provide the department with a copy of the application filed with the appropriate regulatory authority. (3) Any out-of-state financial institution that will be the resulting financial institution pursuant to an interstate acquisition involving a Tennessee state-chartered financial institution shall notify the department of the acquisition not later than the date on which it files an application for an acquisition with the appropriate regulatory authority with jurisdiction over the proposed RULES PERTAINING TO ACQUISITIONS OF FINANCIAL CHAPTER 0180-15 INSTITUTIONS AND HOLDING COMPANIES acquisition. The applicant shall provide the department with a copy of the application filed with the appropriate regulatory authority.