208-532-99001  <<  208-532-99002 >>   208-532-99003

WAC 208-532-99002

Appendix II—Forms—Application for certificate authorizing an alien bank to establish and operate an agency in the state of Washington.

application for certificate authorizing
an alien bank to establish and
operate an agency in the state of washington
TO:
Director of the Department of Financial Institutions
Division of Banks
Olympia, Washington 98504
The    (Applicant alien bank)    with its head office and principal place of business located    (Domiciliary Country)    hereby initiates this application for certificate authorizing the establishment and operation of an agency to be located . . . . . . . . in the City of . . . . . . , County of . . . . . . . . , State of Washington.
The    (Bank)   , is incorporated, chartered or otherwise authorized to conduct a banking business under the laws of    (Domiciliary Country)   . We enclose a verified copy of the resolution adopted by the bank's governing board, properly sworn to before a U.S. Consular Official, authorizing the filing of this application and designating the officer(s) who is (are) to sign this application and provide the material required herein, authorizing the payment of fees required by law or regulation, and designating the managing officer(s) of the proposed agency. We enclose a bank draft for $1,500.00 to apply upon the statutory cost of investigation. If the cost of investigation to be made exceeds $1,500.00 we agree to pay such excess in accordance with WAC 208-512-040 together with such other costs and fees as may be legally required by statute or regulation.
Correspondence, instructions, requests for information, reports, etc., should be addressed:
. . . .
Head Office
. . . .
Proposed Agency
To expedite the statutory investigation, the following information, schedules, certifications, resume's, etc., are furnished:
(a) Name of present chief executive officer . . . . . . . . and name of the secretary . . . . . . .
(b) The bank's fiscal year ends . . . . . . .
(c) Four certified copies (English translation where applicable) of the most recent edition of the bank's certificate of authority or other legal authorization of your country to conduct a banking business and the bank's articles of incorporation.
(d) Date of certificate of authority or its equivalent under which presently operating . . . . . . . and expiration date, or duration, of the certificate of authority or its equivalent . . . . . . .
(e) Capital structure at end of last fiscal year: (i.e., equity capital, surplus, undivided profits, unallocated or contingency reserves).
(f) Two copies of last available statement of condition.
(g) Statement of object and purpose or purposes which bank proposes to pursue in the transaction of business in the state of Washington.
(h) Copy of (English translation where applicable) laws of domiciliary country under which applicant bank is organized which permits a bank with its principal place of business in the state of Washington to establish in that foreign country a branch, agency of similar operation. Attached to a copy of such laws shall be either (a) an opinion of counsel (a member of the bar in the foreign country under whose laws the applicant is organized), including references to or extracts from relevant statutes, if any, to the effect that a bank with its principal place of business in the state of Washington may be permitted to establish and maintain in such foreign country a branch, agency or similar operation, or (b) a certificate of an official of the applicant's country who is authorized under its laws to issue a license to a bank with its principal place of business in the state of Washington to maintain either a branch or agency, to the effect he is so authorized.
(i) An opinion of counsel for the applicant (a member of the bar in the foreign country under whose laws the applicant is organized) to demonstrate that this application to establish an agency is in compliance with local laws. Such opinion should state that (a) the applicant's charter authorizes it to carry on the business contemplated by the application, (b) the applicant has conducted, and is now conducting, its business as authorized by the charter and bylaws in compliance with the laws of its country of incorporation, and (c) the making of the application is in compliance with the laws of the country of incorporation.
(j) Letter or certificate from banking authorities of domiciliary country granting permission to the applicant to apply for an agency in this state.
(k) Furnished herewith:
(1) Name, title and resume' for each officer of the proposed agency in Washington.
(2) Confidential financial statement of the managing officer of the proposed agency in Washington.
(l) Outline of background information in support of application.
(m) Copy of option or conditional lease on proposed agency site.
(n) A verified or authenticated copy of the bank's bylaws.
executed at . . . . . . . . , for the (Bank) , this . . . . day of . . . . . . , 19 . . .
(By the bank's chief
executive officer)
* . . . .
(and the secretary of the
banking entity)
* . . . .
Bank Seal
*Please type name and official title under the signatures.
[Statutory Authority: RCW 30.04.030 and 43.320.040. WSR 00-18-103, amended and recodified as § 208-532-99002, filed 9/6/00, effective 10/7/00; Order 23, Appendix II (codified as WAC 50-32-99002), filed 8/14/73.]
Site Contents
Selected content listed in alphabetical order under each group