Application to Organize a State Bank
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.
- Service SubCategory
200 East Grand Avenue
Des Moines, IA 50309