Section R20-4-328. Application for Approval to Establish a Branch Office -- A.R.S. § 6-475

A.      Applicants shall submit, upon the original filing, a complete application incorporating all the pertinent information required by law and the superintendent.

B.       Approval of the application will be granted only upon a strong showing in the application and during the hearing required by law that the establishment and maintenance of the proposed

branch office will not unduly injure any existing association located in the same county as the proposed branch office and is advisable and in the public interest, that the current earnings of the association are sufficient to support the proposed branch office operation, and that the association will have qualified personnel available to staff the proposed branch office when it is opened.

C.      The application shall be in the following form:

Superintendent of Banks 101 Commerce Building

1601 West Jefferson

Phoenix, Arizona 85007 Sir:

--------------------, 19--

The ---------------------------------------------------------------------------------------------------------------------------------------------------------------

(Applicant)                                                         (Street Address)                                                      (City)

hereby makes application for approval to establish and maintain a branch office at -----------------------------------------------------------------------

(Street Address)                      (City)          (County)

to be known as ----------------------------------- office.

The functions to be performed in the proposed branch office are as follows: In support of this application, we submit the following information:

1.        Attached as Exhibit A is a certified copy of the resolution of the Board of Directors authorizing the filing of this application:

2.        The association opened for business on --------------------, 19--.

3.        Attached as Exhibit B (confidential) is a statement showing the number and amount of loans and deposits held in each of the ------------

--------- association offices as of the end of the last calendar year and the end of the last quarter.

4.        The following ----------------------------------------- branch offices have been approved but not opened:

		Date	Anticipated
Street Address	City	Approved	Opening Date

5.        The following branch office applications are pending approval:

Street Address                         City                                                  Application Date

6.        Attached as Exhibit C is a statement of condition of the association as of --------------------, 19--.

7.        The capital structure of the association as of the application date --------------------, 19-- .

a.	Capital stock (------- shares, $ ---------- par value)	$----------
b.	Paid-in surplus	-----------
c.	Capital notes and debentures	-----------
d.	Reserves for losses	-----------
e.	Earned surplus (including undivided profits)	-----------
	Total Capital	=========

8.        The total deposits in the association as of the application date --------------------, 19-- is $--------------------.

9.        The ratio of total capital to total deposits as of the application date --------------------, 19-- is --------------------%.

10.     The capital structure will be increased as follows prior to the establishment of the proposed branch office (confidential):

11.     The estimated cost and description of the premises to be occupied by the proposed branch office is as follows:

12.     The investment in land and building or leasehold improvements for the proposed branch office will not result in the association exceeding the limitation imposed in A.R.S. § 6-453.

13.     The estimated cost of furniture, fixtures and equipment in the proposed branch office is $---------------.

14.     Attached as Exhibit D is a statement of estimated income and expenses for the first year of operation of the proposed branch office.

15.     Estimated number and amount of deposits and loans as of the end of the first year of operations of the proposed branch office is as follows:

16.     It is estimated that $--------------- of deposits and $--------------- of loans will be transferred to the proposed branch office from other offices of the association.

17.     Attached as Exhibit E (confidential) is a budget of the association for the current dividend period and for the next succeeding semi-annual period which reflects the estimated additional income and expense of the maintenance of the proposed branch office.

18.     The gross assets, deposits and loans of the association at the end of the three calendar years last past and at the end of the last quarter were as follows:

19.     The name, duties, salary and brief resume of the managing officer of the proposed branch office is as follows:

20.     Officers of the proposed branch office win have the following authority in connection with extension of credit:

21.     The following is a summary of the supervision and control which will be exercised by the officials of the association over the activities of the proposed branch office:

22.     The association maintains fidelity bond coverage on its directors, officers, employees and agents as follows:

23.     The approximate population of the city in which the proposed branch office is to be located is --------------- as of ------------------, 19--. Source:

24.     The approximate population of the trade area to be served by the proposed branch office is -------------------- as of ------------------, 19--. Source:

25.     Existing and approved associations and branch offices located within a three mile radius of the proposed branch office are as follows:  Name                                        Location                                                    Distance

26.     Attached as Exhibit F is a map delineating the trade area and indicating the location of each of the above associations and branch offices in the trade area and the proposed branch office.

27.     Relative information regarding the trade area in which the proposed branch office is to be located is as follows:

28.     The establishment and maintenance of the proposed branch office will not unduly injure any existing association located in the same county as the proposed branch office for the following reasons:

29.     The establishment and maintenance of the proposed branch office is advisable and in the public interest for the following reasons:

30.     Attached is a copy of (contract, lease, option or letter of intent) covering the purchase or lease of the property. If no copy is attached state the reason:

Attached is our check in the amount of $375.00 representing payment of the filing fee for this application.

The undersigned does hereby certify and state that he has read this application and all statements, representation and information contained therein are true and correct to the best of his knowledge and belief.

Attest:

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(Secretary)

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(President or Vice President)

Effective 8-8-73.

Historical Note

Former Rule 28. R20-4-328 recodified from R4-4-328 (Supp. 95-1).