Depository Financial Institutions - How to Branch, Merge and Charter
How to Branch, Merge and Charter Depository Financial Institutions in Kentucky
Mail correspondence to:
Department of Financial Institutions
1025 Capital Center Drive, Suite 200
Frankfort, KY 40601
Click the links below to go directly to the appropriate section:
State-Regulated Banks
Trust Companies
Bank Holding Companies
State-Chartered Credit Unions
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State-Regulated Banks |
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State-regulated banks intending to open a new branch should contact the Department of Financial Institutions (DFI) in writing. New charters should submit the Federal Deposit Insurance Corp. (FDIC) Interagency Charter and Federal Deposit Insurance Application. New officers and directors in certain circumstances may need to submit the Bank Directors Oath and FDIC Interagency Biographical and Financial Report. For links to state banking laws and regulations, visit the Statutes and Regulations page.
Documents:
2008 Bank Applications Activity Report [PDF 44K]
2007 Bank Applications Activity Report [PDF 48K]
FDIC Interagency Charter and Federal Deposit Insurance Application [PDF 260K]
Bank Directors Oath [PDF 72K]
FDIC Interagency Biographical and Financial Report [PDF 86K]
FDIC Manual of Exam Policies
Federal Reserve Manual of Exam Policies
Records Retention Schedule [PDF 265K]
For More Information:
Contact Don McFadden by e-mail or at 502-573-3390, ext. 248, for applications and questions regarding the application process for state-regulated banks.
Contact Sally Mooney by e-mail or at 502-573-3390, ext. 235, for legal questions regarding the operation and regulation of state-regulated banks.
More information can also be found on the FDIC Web site, the Federal Reserve Web site and the Conference of State Bank Supervisors Web site.
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Trust Companies |
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Trust companies are required to submit a report of condition and income twice a year.
Documents:
Semi-Annual Report of Condition and Income [PDF 69K]
Semi-Annual Report Instructions [PDF 88K]
For More Information:
Contact Don McFadden by e-mail or at 502-573-3390, ext. 248, for applications and questions regarding the application process for state-regulated trust companies.
Contact Sally Mooney by e-mail or at 502-573-3390, ext. 235, for legal questions regarding the operation and regulation of state-regulated trust companies.
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Bank Holding Companies |
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Bank holding companies own the bank.
For More Information:
Contact Don McFadden by e-mail or at 502-573-3390, ext. 248, for applications and questions regarding the application process for state-regulated bank holding companies.
Contact Sally Mooney by e-mail or at 502-573-3390, ext. 235, for legal questions regarding the operation and regulation of state-regulated bank holding companies.
More information can also be found on the Federal Reserve Web site.
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State-Chartered Credit Unions |
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State-chartered credit unions must submit documentation for out-of-state credit union branch applications, field of membership expansions, bylaw changes and mergers. State laws governing credit unions can be found in Kentucky Revised Statutes (KRS) 286.6. Administrative regulations can be found in 808 Kentucky Administrative Regulations (KAR) 3.
Documents:
For Out-of-State Credit Unions:
Out-of-State Credit Union Branch Application [DOC 62K]
For Field of Membership Expansion:
Certificate of Amendment of the Bylaws [PDF 54K]
For Credit Union Bylaws:
Credit Union Bylaws [PDF 63K]
Amendment to Bylaws [PDF 32K]
Certificate of Adoption of Bylaws [PDF 9K]
For Credit Union Merger:
Instructions for Credit Union Merger [PDF 72K]
Certificate of Merger [PDF 55K]
Notice of Special Meeting [PDF 69K]
Notice of Sample Ballot [PDF 36K]
Notice of Account Verification Form [PDF 36K]
Merger Agreement [PDF 17K]
Plan of Merger [PDF 61K]
Board Resolution Continuing [PDF 57K]
Board Resolution Merging [PDF 58K]
Articles of Merger [PDF 55K]
Certificate of Completion of Merger [PDF 52K]
For More Information:
Contact Randy Duncan by e-mail or at 502-573-3390, ext. 242, regarding the operation and supervision of state-regulated credit unions.
Contact Sally Mooney by e-mail or at 502-573-3390, ext. 235, for legal questions regarding the operation and regulation of state-regulated credit unions.
More information can also be found on the National Credit Union Administration Web site.
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Department of Financial Institutions
1025 Capital Center Drive
Suite 200
Frankfort, KY 40601
Phone: 502-573-3390
Toll free: 800-223-2579
Fax: 502-573-0086
E-mail: kfi@ky.gov
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