TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1075 SAVINGS BANK ACT
SECTION 1075.100 FILINGS


 

Section 1075.100 Filings

 

Filings pertaining to matters named hereafter shall be subject to the indicated fee pursuant to the Savings Bank Act (the Act) [205 ILCS 205]. Such fee or fees shall be paid at the Department of Financial and Professional Regulation-Division of Banking (Division) at the time of filing. Payment shall be by check, draft or money order made payable to the Department of Financial and Professional Regulation (Department).

 

a)

Permit to Organize

(Section 3001 of the Act).............................................................................................

$ 1,000

 

 

 

b)

Merger

(Section 8005 of the Act).............................................................................................

$ 1,000

 

 

 

c)

Sale of Assets

(Section 8010 of the Act).............................................................................................

$ 1,000

 

 

 

d)

Amendment to Articles of Incorporation Providing for the Issuance of Permanent Reserve Shares

(Section 5004 of the Act) (Section 1075.400 of this Part).................................................................................................... ....................................................................................................

$ 1,000

 

 

 

e)

Conversion from Savings Bank Charter to any Federal Charter

(Section 8001 of the Act)...........................................................

 

 

One times the last total annual Supervisory Fee calculated and assessed against the Savings Bank as set forth in Section 1075.130(a) and (b).

 

 

 

f)

Hearing or Oral Argument each applicant requesting a hearing or oral argument and/or each objector requesting a hearing or oral argument and/or each adversary participating in a hearing or oral argument (Section 9018 of the Act)

(Sections 1075.725 and 1075.900 of this Part)............................................................................................

$ 500

Each applicant requesting a hearing or oral argument and/or each objector requesting a hearing or oral argument and/or each adversary participating in a hearing or oral argument shall bear its pro rata share of all expense incurred in said proceedings.

 

 

 

 

g)

Application for Subsidiary Acquisition Fee

(Section 2004 of the Act)...........................................................

$ 250

 

 

 

h)

Conversion from Mutual to Capital Stock Form of Ownership

(Section 5004 of the Act) (Subpart O of this Part)............................................................................................

$10,000

 

 

 

i)

Acquisition of Control of a Savings Bank

(Sections 5002, 5004 and 5006 of the Act) (Subpart N of this Part)............................................................................................

$ 500

 

 

 

j)

Photocopy and Duplication Fees

 

 

 

 

 

1)

Photocopies (per page)...............................................................................

$ .25

 

 

 

 

 

2)

Savings Bank Act (bound edition)............................................................................

$ 25

 

 

 

 

 

3)

Rules (bound edition)............................................................................

$ 25

 

 

 

 

 

4)

Annual Report (additional copies).............................................................................

$ 25

 

 

 

 

 

5)

Mailing Labels

$ 35

 

 

 

 

k)

Holding Company Registration Fee

(Section 2002 of the Act).............................................................................................

$ 1,000

 

 

 

l)

Application for Subsidiary Acquisition Fee, Illinois Savings Bank Holding Company

(Section 2004 of the Act).............................................................................................

$ 250

 

 

 

m)

The following fees apply to mutual holding company transactions:

 

 

 

 

 

1)

Mutual Holding Company Reorganization with resulting savings bank stock offered to party other than the mutual holding company

(Section 2007 of the Act).................................................................................

$10,000

 

 

 

 

 

2)

Mutual Holding Company Reorganization with no resulting savings bank stock offered to any party except the mutual holding company

(Section 2007 of the Act).................................................................................

$ 3,000

 

 

 

 

 

3)

Subsequent Offerings:

 

 

 

 

 

 

 

A)

First offering of resulting savings bank stock to a party other than the mutual holding company after reorganization described in subsection (m)(2) of this Section.............................................................

$ 7,000

 

 

 

 

 

 

 

B)

All other offerings to a party other than the mutual holding company..........................................................

$ 1,000

 

 

 

 

 

 

4)

Conversion of Mutual Holding Company to Stock Holding Company

(Section 2007 of the Act).................................................................................

$10,000

 

(Source: Amended at 30 Ill. Reg. 19068, effective December 1, 2006)