Below are the requirements for an existing state-chartered bank to establish a new branch.
APPLICATION: Submit the Uniform Interstate Application/Notice to the Division by mail or by email to banking@mt.gov. Applications must be received 10 days subsequent to the first publication of the notice.
PUBLICATION REQUIREMENTS (For FRB or FDIC member banks): If the application for a new branch bank also requires the approval of either the FRB or FDIC, the notice shall be published at the times and in the format required by the federal agency, except that the notice shall include the following phrase:
Comments regarding this application should be forwarded in writing to the Commissioner of Banking and Financial Institutions, Department of Administration, 301 South Park, P.O. Box 200546, Helena, MT 59620-0546. The application may be reviewed, during the comment period, at the above address by calling the commissioner's office at (406) 841-2920 and requesting an appointment.
All written comments concerning the application must be received by the Division no later than 15 calendar days following the date of the last publication.
PUBLICATION REQUIREMENTS (for non-fed member banks): If the applicant does not fall under the regulatory jurisdiction of either the FRB or FDIC, or if the publication requirement of the federal regulator has been eliminated, the notice shall be published in a newspaper of general circulation in the community or communities where the main office of the bank and proposed branch bank are located. If there is no such newspaper in the community, then the notice shall be published in the newspaper of general circulation published nearest thereto. Publication shall be made at least once a week on the same day for two consecutive weeks.
The notice shall include the following phrase:
Comments regarding this application should be forwarded in writing to the Commissioner of Banking and Financial Institutions, Department of Administration, 301 South Park, P.O. Box 200546, Helena, MT 59620-0546. The application may be reviewed, during the comment period, at the above address by calling the commissioner's office at (406) 841-2920 and requesting an appointment.
All written comments concerning the application must be received by the Division no later than 15 calendar days following the date of the last publication.
LAWS AND RULES
ARM 2.59.1101: Application procedure for approval to establish a new branch bank
ARM 2.59.1102: Review procedure for applications for approval to establish a new branch bank
ARM 2.59.1103: Procedure following approval of an application to establish a new branch bank