Section 396.320  Notice Requirements

The notice of intent to establish a branch office, from a corporate fiduciary that is a bank, savings and loan association, or savings bank, to the Commissioner shall include the following information:

a)         The names and qualifications of the proposed branch management.

b)         A copy of the procedures for operations, controls and audits at the branch office, including but not limited to facilities for safekeeping and recordkeeping.

c)         A list of the activities proposed to be performed at the branch office.

(Source:  Added at 20 Ill. Reg. 10825, effective August 1, 1996)