Application to Organize a State Bank

Division of Banking


Authorization to transact business as a state bank in the State of Iowa.

Code Citation IC 524 (Division III)

Who Applies Anyone planning to incorporate a state chartered bank.

When To Apply Application may be made at any time during the year.

Initial Requirements Contact the Division of Banking to arrange a meeting with the Superintendent of Banking to discuss the proposal.

Duration State chartered banks have perpetual duration.

Processing Time 90-180 days.

Fee Structure Application fee of $15,050, plus applicant is responsible for any actual expenses incurred by the Division of Banking in processing the application.

Renewal Requirements Does not pertain.

Exam Does not pertain.

Additional Information None.

Services Provided

Service Category

  • Service SubCategory
Contact Information
Kathy Johnson
200 East Grand Avenue
Suite 300
Des Moines, IA 50309