TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 370 CORPORATE APPLICATIONS FOR BANKS AND CORPORATE FIDUCIARIES
SECTION 370.30 FEE SCHEDULE; ADMINISTRATION OF CORPORATE APPLICATION FEES


 

Section 370.30  Fee Schedule; Administration of Corporate Application Fees

 

a)         Fees shall be submitted to the Division at the time of submission of any application or notice.  All fees filed in connection with an application or notice are nonrefundable, regardless of whether the application or notice is ultimately approved, denied, withdrawn, or abandoned.

 

b)         While certain fees are set by statute and paid on a regular, cyclical basis, others are "fees for service" and are billed as the services are provided.  Pursuant to Section 48(3)(f) of the Illinois Banking Act, Section 5-10 of the Corporate Fiduciary Act, Section 17 of the Foreign Banking Office Act, and Section 4 of the Foreign Bank Representative Office Act, the Director has set the following as fees for corporate activities and applications:

 

DOMESTIC COMMERCIAL BANKS

 

Application for a Permit to Organize a State Bank

(pursuant to 20 ILCS 3205/5, 205 ILCS 5/9 and 10, and 12 USC 1815(a) and 1816)

$10,000

 

 

Application for Approval of an Interim Bank Merger

(pursuant to 20 ILCS 3205/5 and 205 ILCS 5/10, 13.5 and 22)

$ 2,000

 

 

Application for a Permit to Organize a State Bank and a Purchase and Assumption or Merger – Section 31

(pursuant to 20 ILCS 3205/5, 205 ILCS 5/9, 10, and 31)

$    500

 

 

Application for Purchase and Assumption – Section 31

(pursuant to 205 ILCS 5/31 and 12 CFR 325.103)

No Fee

 

 

Application for Merger – Section 31

(pursuant to 205 ILCS 5/31 and 12 CFR 325.103)

No Fee

 

 

Application for Approval of a Merger − Affiliated Entities (per merging institution)

(pursuant to 20 ILCS 3205/5 and 205 ILCS 5/10, 22, 27, and 29)

$ 2,000

 

Application for Approval of a Merger − Non-Affiliated Entities (per merging institution)

(pursuant to 20 ILCS 3205/5 and 205 ILCS 5/10, 22, 27, and 29)

$ 4,000

 

 

Application for Approval to Convert to a State Bank           

$ 1,000

(pursuant to 20 ILCS 3205/5 and 205 ILCS 5/10, 25, 26, and 27)

 

 

 

Notice of Change in Control

(pursuant to 20 ILCS 3205/5, 205 ILCS 5/18, 205 ILCS 10/3.02, and 12 USC 1817(j))

$ 1,500

 

 

Change in Director or Senior Executive Officer

(pursuant to 20 ILCS 3205/5 and 205 ILCS 5/10 and 13)

$    100

 

 

Application to Reduce Number of Bank Directors

(pursuant to 205 ILCS 5/16 and 38 Ill. Adm. Code 357.10)

$    200

 

 

Application to Purchase Treasury Stock

(pursuant to 205 ILCS 5/14)

$    200

 

 

Notice of Intent to Establish a Bank Branch

(pursuant to 38 Ill. Adm. Code 305.10 and 305.20 and 12 USC 1828(d))

$    250

 

 

Notice of Intent to Establish a Bank Subsidiary or Acquire Stock in a Corporation

(pursuant to 205 ILCS 5/48(2)(a))

$    250

 

 

Application for Relocation of Main Banking Premises

(pursuant to 205 ILCS 5/13)

$    250

 

 

Conversion of an Illinois Trust Company into a State Bank

(pursuant to 20 ILCS 3205/5, 205 ILCS 5/10, 29, and 30)

$ 5,000

 

 

Certification of Charter

(pursuant to 205 ILCS 5/48(3)(e))

$    100

 

 

Application to Reduce the Number of Authorized Board Meetings

(pursuant to 205 ILCS 5/16)

$    100

 

 

Reverse Stock Split

(pursuant to 205 ILCS 5/17(8))

$ 1,000

 

 

Charter Amendments Other Than Reverse Stock Splits

(pursuant to 205 ILCS 5/17)

$    500

 

 

Certificate of Corporate Existence

(pursuant to 205 ILCS 5/48(3)(e))

$    100

 

 

Application for a Certificate of Authority Pursuant to Section 21.4 of the Illinois Banking Act

(pursuant to 205 ILCS 5/21.4)

$    250

 

FIDUCIARY ACTIVITIES

 

Application to Form an Illinois Trust Company

(pursuant to 20 ILCS 3205/5, 205 ILCS 620/2-5 and 2-6)

$ 8,000

 

 

Application to Exercise Fiduciary Powers for State Banks, Savings and Loan Associations, State Savings Banks, and Foreign Banking Offices

(pursuant to 20 ILCS 3205/5, 205 ILCS 620/2-5 and 2-6)

$ 1,500

 

 

Application to Amend a Certificate of Authority to Accept and Execute Trusts for State Banks, State Savings and Loan Associations, State Savings Banks, and Foreign Banking Offices

(pursuant to 20 ILCS 3205/5, 205 ILCS 620/2-5 and 2-6)

$    250

 

 

Application for Approval of a Change in the Control of a Corporate Fiduciary

(pursuant to 20 ILCS 3205/5 and 205 ILCS 620/3-2)

$ 1,500

 

 

Application for Approval of the Purchase of Substantially All the Trust Assets or the Assumption of Substantially All the Trust Liabilities of an Illinois Trust Company

(pursuant to 20 ILCS 3205/5 and 205 ILCS 620/3-2 and 7-1)

$ 1,500

 

 

Application to Establish a Corporate Fiduciary Branch Office by an Illinois Trust Company

(pursuant to 205 ILCS 620/1-7 and 38 Ill. Adm. Code396)

$    250

 

 

Notice of Intent to Establish a Corporate Fiduciary Branch Office by a Bank, Savings and Loan Association, or Savings Bank

(pursuant to 205 ILCS 620/1-7 and 38 Ill. Adm. Code 396)

$    250

 

 

Application for Approval of a Corporate Fiduciary Merger

(pursuant to 20 ILCS 3205/5 and 205 ILCS 620/2-6 and 3-1)

$ 1,500

 

 

Application to Establish a Subsidiary of a Corporate Fiduciary

(pursuant to 205 ILCS 620/1-7 and 5-1(h))

$    500

 

 

Application for a Certificate of the Authority to be Authorized as a Foreign Corporate Fiduciary in the State of Illinois

(pursuant to 205 ILCS 620/4-2 and 4-5)

$    750

 

 

Application to Amend a Certificate of Authority of a Foreign Corporate Fiduciary to Authorize Additional Powers

(pursuant to 205 ILCS 620/4-2 and 4-5)

$    250

 

 

Notice of Intent to Establish a Foreign Trust Office in Illinois

(pursuant to 205 ILCS 620/4A-5)

$    750

 

 

Certified Copy of a Certificate of Authority or a Certificate of Corporate Existence

(pursuant to 205 ILCS 5/48(3)(e))

$    100

 

 

CSBS Interstate Trust Activities Application:

 

      Representative Office in Host State

$    250

      Full Service Branch in Host State

$    250

      Trust Office in Host State

$    250

 

INTERNATIONAL BANKING

 

Application for License to Establish a Foreign Bank Representative Office

(pursuant to 205 ILCS 650/4)

$    700

 

 

Foreign Bank Representative Office Annual License Fee

(pursuant to 205 ILCS 650/4 and 38 Ill. Adm. Code 375.36)

$    300

 

 

Application for Certificate of Authority to Establish a Foreign Banking Office

(pursuant to 205 ILCS 645/4 and 5)

$ 8,000

 

 

Amendment of Certificate of Authority to Establish a Foreign Banking Office

(pursuant to 205 ILCS 645/7 and 8)

$    500

 

 

Notice of Intent to Establish a Bank Branch – Foreign Banking Office

(pursuant to 38 Ill. Adm. Code 305.10 and 305.20 and 12 USC 1828(d))

$    250

 

 

Certification of Certificate of Authority and License

(pursuant to 205 ILCS 5/48(3)(e))

$    100

 

 

Certificate of Corporate Existence

(pursuant to 205 ILCS 5/48(3)(e))

$    100