Get Expedited Branch Application And Certification Form All Questions ... - State Nj

Filling out the Expedited Branch Application and Certification Form can seem daunting. This guide will walk you through the process step by step, ensuring that you complete each section accurately for efficient processing.

Follow the steps to complete the form online.

1. Click ‘Get Form’ button to access the Expedited Branch Application and Certification Form. This action will open the document for you to fill out.
2. In the ‘Name of Applicant’ field, provide the legal name of the entity applying for the branch. Carefully input the name to reflect the official documents.
3. Fill in the ‘Address of Applicant’ section, including street address, city, zip code, and county where the principal office is located.
4. Provide details of the ‘Filing officer,’ including their name, title, and phone number for contact purposes.
5. Respond to the question ‘Are you Requesting Expedited Processing?’ with a clear 'yes' or 'no'. If you answer 'no', you will need to complete form 115 instead.
6. Enter the ‘Location of Branch’ with the street address, city, zip code, and county for the new branch office.
7. Indicate the date when the applicant commenced business. Ensure that this date reflects a period of more than three years.
8. Provide the most recent examination rating from the designated agencies (CAMELS, Agency State) and include the date.
9. Input the Composite Rating, ensuring it meets the required standard of 1 or 2.
10. Complete the Management Rating section, which must be at least 2.
11. If applicable, provide the most recent CRA rating along with the date, ensuring it is satisfactory or better.
12. For Capital ratios, fill in the required Leverage Ratio, Tier 1 Risk-Based Ratio, and Total Risk-Based Ratio, making sure each meets the specified thresholds and date.
13. Submit the Board Resolution along with its date as required.
14. Describe how the proposed office will be accessible to prospective customers, and attach a separate sheet if necessary for elaboration.
15. Answer the question regarding newly chartered institutions in the area of the proposed office. If applicable, explain how the new branch will not cause harm to them.
16. Indicate whether any of the applicant's executive officers or directors have a direct or indirect interest in the premises. If 'yes', attach form 114.
17. Detail the costs associated with the proposed branch, including land, building, and furniture & equipment.
18. Confirm that the expenditures plus the current book value of your bank’s premises investment comply with statutory limitations. If not, provide an explanation.
19. Finally, certify that all information provided is true and correct by signing and dating the form in the ‘Signature of Filing Officer’ section.
20. After completing all sections, save your changes, download, print, or share the form as necessary.

Complete your application and certification process online today!