Form BK-0315 "Application to Use the Term(S) "bank," "banks," "banking," or "trust"" - Tennessee

What Is Form BK-0315?

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

Form Details:

  • Released on May 30, 2019;
  • The latest edition provided by the Tennessee Department of Financial Institutions;
  • 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 BK-0315 by clicking the link below or browse more documents and templates provided by the Tennessee Department of Financial Institutions.

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Download Form BK-0315 "Application to Use the Term(S) "bank," "banks," "banking," or "trust"" - Tennessee

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STATE OF TENNESSEE
DEPARTMENT OF FINANCIAL INSTITUTIONS
APPLICATION TO USE THE TERM(S) "BANK," "BANKS," "BANKING," OR "TRUST"
Tennessee Code Annotated Sections 45-2-1709(a)(1)(A) and (a)(1)(C) provide, in part, that it is
unlawful for any person, firm, or corporation to use the terms "bank," "banks," "banking," or "trust"
in Tennessee (subject to certain limited exceptions). However, Tennessee Code Annotated Section
45-2-1709(a)(1)(B) provides, in part, that the commissioner may permit a business entity, upon
application, to use the term “bank,” “banks,” or “banking” if the commissioner, in his discretion,
determines that the business entity will not be providing any financial services or use of these terms
will not be misleading to the public.
Tennessee Code Annotated Section 45-2-1709 (a)(1)(A) provides that the commissioner may permit,
upon application or by rule, a subsidiary of a bank or bank holding company to use the terms
"bank," "banks," or "banking."
Tennessee Code Annotated Section 45-2-1709 (a)(1)(C) provides that the commissioner may permit
the use of the term “trust” upon application on the same basis as under subdivisions (a)(1)(A) and
(a)(1)(B).
INSTRUCTIONS:
1. Please complete this application and submit to the Department to obtain permission to use the
term(s) "bank," "banks," "banking," or "trust."
2. Attach additional pages if needed. This includes copies of any (even if rejected) corporate
filing(s), approval or denial letter(s) from other states, or any other supporting documentation.
3. Please send the completed application by e-mail to
Paula.Cagle@tn.gov
or submit by regular
mail to:
Department of Financial Institutions
Legal Section - Attention Paula Cagle
th
26
Floor, Tennessee Tower
312 Rosa Parks Avenue
Nashville, TN 37243
Phone: (615) 253-2864
Fax: (615) 253-7794
4. Please allow a processing time of at least 30 calendar days after the Department’s receipt of a
COMPLETE application.
th
Tennessee Tower, 26
Floor • 312 Rosa L. Parks Avenue • Nashville, TN 37243
Tel: 615-741-2236 • Fax: 615-253-7794 • http://www.tn.gov/tdfi
BK-0315
RDA-N/A
STATE OF TENNESSEE
DEPARTMENT OF FINANCIAL INSTITUTIONS
APPLICATION TO USE THE TERM(S) "BANK," "BANKS," "BANKING," OR "TRUST"
Tennessee Code Annotated Sections 45-2-1709(a)(1)(A) and (a)(1)(C) provide, in part, that it is
unlawful for any person, firm, or corporation to use the terms "bank," "banks," "banking," or "trust"
in Tennessee (subject to certain limited exceptions). However, Tennessee Code Annotated Section
45-2-1709(a)(1)(B) provides, in part, that the commissioner may permit a business entity, upon
application, to use the term “bank,” “banks,” or “banking” if the commissioner, in his discretion,
determines that the business entity will not be providing any financial services or use of these terms
will not be misleading to the public.
Tennessee Code Annotated Section 45-2-1709 (a)(1)(A) provides that the commissioner may permit,
upon application or by rule, a subsidiary of a bank or bank holding company to use the terms
"bank," "banks," or "banking."
Tennessee Code Annotated Section 45-2-1709 (a)(1)(C) provides that the commissioner may permit
the use of the term “trust” upon application on the same basis as under subdivisions (a)(1)(A) and
(a)(1)(B).
INSTRUCTIONS:
1. Please complete this application and submit to the Department to obtain permission to use the
term(s) "bank," "banks," "banking," or "trust."
2. Attach additional pages if needed. This includes copies of any (even if rejected) corporate
filing(s), approval or denial letter(s) from other states, or any other supporting documentation.
3. Please send the completed application by e-mail to
Paula.Cagle@tn.gov
or submit by regular
mail to:
Department of Financial Institutions
Legal Section - Attention Paula Cagle
th
26
Floor, Tennessee Tower
312 Rosa Parks Avenue
Nashville, TN 37243
Phone: (615) 253-2864
Fax: (615) 253-7794
4. Please allow a processing time of at least 30 calendar days after the Department’s receipt of a
COMPLETE application.
th
Tennessee Tower, 26
Floor • 312 Rosa L. Parks Avenue • Nashville, TN 37243
Tel: 615-741-2236 • Fax: 615-253-7794 • http://www.tn.gov/tdfi
BK-0315
RDA-N/A
APPLICATION TO USE THE TERM(S) "BANK," "BANKS," "BANKING," OR "TRUST"
Page 2 of 3
5. The Department’s response will be either a No-Objection Letter that the applicant may file with
the Tennessee Secretary of State or, if not approved, a response stating the reason(s) the
application was not approved. Response will be sent by e-mail (if provided) and by regular U.S.
Mail.
APPLICANT INFORMATION:
1. Proposed business name to be used in Tennessee. Please include name, address, telephone
number and e-mail address of individual who may be contacted to provide additional
information if needed.
2. Is the proposed name the applicant’s official name or an assumed name/dba?
3. Describe in detail the nature of the applicant's business. Include business purpose and business
activities, and reason for using the term “bank,” “banks,” “banking,” or “trust.”
4. Will the business:
(a)
Offer any financial services?
Yes
No
If Yes, please explain. (Attach additional pages if needed.)
(b)
Engage in any fiduciary activities?
Yes
No
If Yes, please explain. (Attach additional pages if needed.)
Tennessee Tower 26th Floor • 312 Rosa L. Parks Avenue • Nashville, TN 37243
Tel: 615-741-2236 • Fax: 615-253-7794 • http://www.tn.gov/tdfi
BK-0315
RDA-N/A
APPLICATION TO USE THE TERM(S) "BANK," "BANKS," "BANKING," OR "TRUST"
Page 3 of 3
5. If using the term "bank," "banks," or "banking," is the applicant a state-chartered bank, a
national bank, bank holding company, or a subsidiary of a bank or bank holding company?
Yes
No
Not applicable
If answer is yes, please answer questions 5 (a) – (c).
(a)
Please identify the name of the institution's federal and/or state regulator.
(b)
Is the applicant establishing a branch, LPO or other facility in Tennessee?
Yes
No
(c)
If the applicant is a subsidiary of a bank or bank holding company, please provide the
organizational structure of the bank or bank holding company. (Attach additional pages if
needed.)
6. If using the term “trust,” is the applicant a trust institution (defined as “a depository institution,
foreign bank, state bank or trust company authorized to act as a fiduciary”)?
Yes
No
If yes, please explain. Attach additional pages if needed.
7. Will the applicant have a physical presence in Tennessee?
Yes
No
The undersigned attests that he/she is authorized to submit the information requested above and
that the statements therein are true and complete to the best of his/her knowledge and belief.
Authorized Representative Name (Printed)
Title
Signature
Date
Tennessee Tower 26th Floor • 312 Rosa L. Parks Avenue • Nashville, TN 37243
Tel: 615-741-2236 • Fax: 615-253-7794 • http://www.tn.gov/tdfi
RDA-N/A
BK-0315
Page of 6