Form CORP-B18 "Application of a Foreign Bank Corporation to Convert an Existing Office to a Higher Level Office in the State of Texas" - Texas

What Is Form CORP-B18?

This is a legal form that was released by the Texas Department of Banking - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on March 1, 2014;
  • The latest edition provided by the Texas Department of Banking;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form CORP-B18 by clicking the link below or browse more documents and templates provided by the Texas Department of Banking.

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Download Form CORP-B18 "Application of a Foreign Bank Corporation to Convert an Existing Office to a Higher Level Office in the State of Texas" - Texas

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APPLICATION OF A FOREIGN BANK CORPORATION
TO CONVERT AN EXISTING OFFICE TO A HIGHER LEVEL OFFICE
IN THE STATE OF TEXAS
All information submitted to the Texas Department of Banking is presumed to be public
information unless it is deemed confidential under the Texas Open Records Act. Any document
in the application for which you request confidential treatment must be segregated and
reference the Texas Open Records Act exception supporting the request. Final determination
as to the confidentiality of any information will rest with the Banking Commissioner. Inquiries
concerning the preparation and filing of this or any other application with the Department
should be directed to the Corporate Activities Division of the Texas Department of Banking,
2601 North Lamar Boulevard, Austin, Texas 78705-4294 (512/475-1322).
TO:
Banking Commissioner of Texas
Department of Banking
2601 North Lamar Boulevard
Austin, Texas 78705-4294
a foreign bank corporation duly
_______________________________________________________,
incorporated and existing under the laws of _________________________, hereby makes
application to convert its (specify which)
representative office
foreign bank agency to a
(specify which)
foreign bank agency
foreign bank branch in the State of Texas for the
purpose of transacting such business as is authorized by the laws of the State of Texas.
In support of this application the following information and schedules are submitted:
1. Include a non-refundable check made payable to the Texas Department of Banking for
the applicable filing fee prescribed in Title 7 of the Texas Administrative Code §15.2.
2. Address of principal office in country of domicile of the foreign bank corporation filing
the application.
3. The actual street and post office address of the converting foreign bank agency or
representative office.
4. Provide the name, title, and qualifications of each officer and director of the foreign
bank corporation who will have control of all or part of the business and affairs at the
foreign bank agency or branch.
5. Certified copy of a duly adopted resolution of (1) the Board of Directors of the foreign
bank corporation, or (2) managing director, or (3) other empowered executive
committee, evidencing its support of this application and evidencing the names and
titles of all persons authorized to sign and deliver this application and any related
documents, as well as certified incumbency certificates with regard to such persons.
6. A detailed financial statement of the foreign bank corporation as of a date not greater
than 360 days before the date of the application.
7. An authenticated copy of the foreign bank corporation's certificate of formation and
CORP-B18 (3/14)
Texas Department of Banking
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bylaws (or other equivalent constitutive documents). If these documents are in a
APPLICATION OF A FOREIGN BANK CORPORATION
TO CONVERT AN EXISTING OFFICE TO A HIGHER LEVEL OFFICE
IN THE STATE OF TEXAS
All information submitted to the Texas Department of Banking is presumed to be public
information unless it is deemed confidential under the Texas Open Records Act. Any document
in the application for which you request confidential treatment must be segregated and
reference the Texas Open Records Act exception supporting the request. Final determination
as to the confidentiality of any information will rest with the Banking Commissioner. Inquiries
concerning the preparation and filing of this or any other application with the Department
should be directed to the Corporate Activities Division of the Texas Department of Banking,
2601 North Lamar Boulevard, Austin, Texas 78705-4294 (512/475-1322).
TO:
Banking Commissioner of Texas
Department of Banking
2601 North Lamar Boulevard
Austin, Texas 78705-4294
a foreign bank corporation duly
_______________________________________________________,
incorporated and existing under the laws of _________________________, hereby makes
application to convert its (specify which)
representative office
foreign bank agency to a
(specify which)
foreign bank agency
foreign bank branch in the State of Texas for the
purpose of transacting such business as is authorized by the laws of the State of Texas.
In support of this application the following information and schedules are submitted:
1. Include a non-refundable check made payable to the Texas Department of Banking for
the applicable filing fee prescribed in Title 7 of the Texas Administrative Code §15.2.
2. Address of principal office in country of domicile of the foreign bank corporation filing
the application.
3. The actual street and post office address of the converting foreign bank agency or
representative office.
4. Provide the name, title, and qualifications of each officer and director of the foreign
bank corporation who will have control of all or part of the business and affairs at the
foreign bank agency or branch.
5. Certified copy of a duly adopted resolution of (1) the Board of Directors of the foreign
bank corporation, or (2) managing director, or (3) other empowered executive
committee, evidencing its support of this application and evidencing the names and
titles of all persons authorized to sign and deliver this application and any related
documents, as well as certified incumbency certificates with regard to such persons.
6. A detailed financial statement of the foreign bank corporation as of a date not greater
than 360 days before the date of the application.
7. An authenticated copy of the foreign bank corporation's certificate of formation and
CORP-B18 (3/14)
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bylaws (or other equivalent constitutive documents). If these documents are in a
language other than English, a translation of all such documents, under the oath of the
translator, must be attached to the authenticated copy.
8. A certification by the chartering agency in the country in which the foreign bank
corporation is domiciled stating that the foreign bank corporation has complied with the
laws of that country. If certification is not available from such chartering agency, the
foreign bank corporation may substitute an opinion of acceptable legal counsel licensed
to practice law in the country in which the foreign bank corporation is domiciled, to the
effect that (1) the bank chartering agency in such country will not furnish such a
certificate and (2) that the foreign bank corporation has complied with the laws of such
country.
9. Confirm that the applicant is and will remain in compliance with Section 201.102 of the
Texas Finance Code.
10. A statement indicating the extent to which the conversion of the foreign bank agency or
representative office will affect the needs of the community in which it is located.
11. Copies of any other applications filed with other state or federal agencies in connection
with the establishment of this agency or branch office.
12. Provide a description of the types of business to be conducted and the types of services
to be offered at the proposed branch or agency. For a foreign bank agency only, provide
details of any proposed deposit taking activities.
13. Provide projected balance sheets, income statements and contingent liabilities for the
proposed branch or agency for the first three years after conversion, including
assumptions made in formulating projections.
14. Provide a description of management and staffing of the agency or branch. Such
description should include the number of persons to be employed, in what capacities,
and the names, titles, and brief biographies of key personnel.
15. Provide a description of the projected competitive effect of the proposed agency or
branch on existing banking facilities in Texas.
16. For a foreign bank branch only, please indicate if the branch will accept deposits of less
than $100,000 from citizens or residents of the United States, other than credit balances
that are incidental to or arise out of its exercise of other lawful powers. If the branch is
proposed to accept such deposits, please furnish information which indicates the
Federal Deposit Insurance Corporation has determined that specific deposit taking
activities of less than $100,000 by the branch would not constitute domestic retail
deposit activities requiring deposit insurance protection within the meaning of Section
6, International Banking Act (12 U.S.C. Section 3104).
17. If the entity will accept deposits, and public notice in a newspaper of general circulation
pertaining to such activity has not been previously made, then such public notice is
required pursuant to Section 204.101 of the Texas Finance Code and 7 TAC §15.5.
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I certify that the preceding application and the attached supporting documents are true and
correct to the best of my knowledge.
_____________________________________
(Foreign Bank Corporation)
_____________________________________
(Name)
_____________________________________
(Title)
Dated: ______________________
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Texas Department of Banking
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ACKNOWLEDGEMENT
City of ______________________, SS.:____________________________________
Country of _______________________
On this ____ day of ____________________, ________, before me personally came
____________________, to me known, who being by me duly sworn, deposes and says that
he/she resides at ______________________________________________; that he/she is
________________________________ of _______________________, the foreign bank
corporation described in the foregoing instrument; and that he/she executed the foregoing
instrument on behalf of such corporation with due authorization of the Board of Directors of
such corporation and as the act of such corporation and in his/her official capacity as
____________________________ for such corporation.
[L.S.]
_______________________________________
Title of Acknowledging Officer: _______________________________
Note: This acknowledgement may be made outside of the United States and its territories by a
minister, a commissioner, a charge d'affairs, a consul-general, a consul, a vice-consul, a
commercial agent, a vice-commercial agent, a deputy consul or a consular agent of the
United States, resident and accredited in the country where the acknowledgement is
made. The seal of his/her office or the seal of the consulate or legation to which he/she
is attached should be affixed.
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Texas Department of Banking
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