Banks and Trust Companies, State Chartered
Last updated 06/20/2024
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Fees
| License Fee |
Description |
Exemptions |
| $2,500.00 |
|
none
|
Description
Oregon banks and trust companies are governed by the provisions of the Oregon Bank Act (ORS 706-716). Chartering, certificates of authority, and application requirements (including foreign banks and mergers) are set forth in the statutes.
"Bank" means a company, other than an extranational institution, that accepts deposits insured to any extent by the Bank Insurance Fund under the provisions of the Federal Deposit Insurance Act, as amended, 12 U.S.C. 1811, et seq.
Duration
On going, dependent upon soundness & fee payment
Renewal Information
None
Duplicate License Requirements
None
Prerequisites and Requirements
Prerequisites
None
Required Documentation
None
Examination Information
None
Continuing Education Requirements
None
Bonding Requirements
None
Insurance Requirements
None
Statutes, Administrative Rules, Ordinances
Other Detail Information
None
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