SD Form 1925 Application to Establish a Bank Branch - South Dakota

What Is SD Form 1925?

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

FAQ

Q: What is SD Form 1925?A: SD Form 1925 is an application to establish a bank branch in South Dakota.

Q: Who can submit SD Form 1925?A: Any bank or financial institution that wants to open a branch in South Dakota can submit the form.

Q: What information is required on SD Form 1925?A: SD Form 1925 requires information about the bank, the proposed branch location, and the purpose for establishing the branch.

Q: What is the process after submitting SD Form 1925?A: After submitting SD Form 1925, the South Dakota Department of Banking will review the application and may request additional information or documentation. Once the application is approved, the bank can proceed with establishing the branch.

Q: Are there any specific requirements or criteria for approval of SD Form 1925?A: Yes, the South Dakota Department of Banking has specific requirements and criteria for approving SD Form 1925. These may include factors such as the bank's financial stability, community needs, and the potential impact on existing banks in the area.

Q: How long does it take to get approval for SD Form 1925?A: The approval timeline for SD Form 1925 can vary depending on various factors. It is best to contact the South Dakota Department of Banking for an estimate on the timeframe.

Q: Can a bank apply to establish multiple branches using SD Form 1925?A: Yes, a bank can apply to establish multiple branches using SD Form 1925. Each branch application will need to be submitted separately.

Q: Is SD Form 1925 only applicable to banks in South Dakota?A: Yes, SD Form 1925 is specifically for banks that want to establish a branch in South Dakota. Other states may have their own application forms and processes.