Title 13 Banks, Banking and Finance

13-9-309. Required application; fees.

(a) A company that proposes to make an acquisition under this article shall: (i) Pay to the commissioner an application fee established by rule and regulation of the commissioner; (ii) File with the commissioner a copy of the application that the company has filed with the responsible federal bank supervisory agency. The application to the commissioner shall include: (A) The name and address of the applicant; (B) The name of the chief executive officer and the officer designated by the applicant being responsible for the application; (C) A sworn statement by the chief executive officer that all information being furnished to the commissioner is truthful, complete and accurate and that the applicant is complying with all applicable laws; (D) The names and addresses of the directors of the applicant with a listing of the percent of outstanding shares of the applicant owned directly or beneficially by each director; (E) The names and addresses of the executive officers of the applicant, not to exceed twenty (20) in number and the percent of outstanding shares of the applicant owned directly or beneficially by each officer; (F) The most recent official statement of condition of the applicant; (G) A copy of the most recent federal income tax return of the applicant together with all pertinent schedules and addendums; (H) A copy of the most recent directors' audit of the applicant; (J) A copy of the two (2) most recent reports of examination as performed by all regulatory authorities including a record of compliance and rating under the Community Reinvestment Act; (K) An historical compilation of the loan loss reserve account of the applicant for the previous five (5) year period; (M) Other information as the commissioner may require to fulfill his duties under this article. (b) To the extent consistent with the effective discharge of the commissioner's responsibilities, the forms established under this article for application and reporting shall conform to those established by the board of governors of the federal reserve system under the Bank Holding Company Act. (c) If the applicant is an out-of-state bank holding company that is not incorporated or otherwise formed under the laws of this state, it shall submit with the application proof that the applicant has complied with any applicable requirements of W.S. title 17. (d) Except as prohibited by federal law, a company acquiring control of a Wyoming state chartered bank shall agree as a condition of the certificate of authority that all its banking operations conducted in this state by or on behalf of that state chartered bank shall be governed by Wyoming law.