Category Iii: All Other Activities

(1) A state-chartered bank that intends to acquire or establish a subsidiary that will engage in activities other than those listed in Rule 0180-19-.03(1) or 0180-19-.04, or that will perform a new activity that is not listed in those rules in an existing subsidiary, shall submit an application as required by T.C.A. RULES OF PROCEDURE FOR INVESTMENTS AND ACTIVITIES CHAPTER 0180-19 FOR STATE-CHARTERED BANKS AND THEIR SUBSIDIARIES §45-2-607(d) to, and receive approval from, the Department before acquiring or establishing the subsidiary or engaging in the new activity in an existing subsidiary.