Arkansas
State Bank Department
Reporting to the State Bank Commissioner
(updated
Pursuant to Arkansas
Banking Code of 1997, as amended, Section 23-48-316(b), all stock transfers of
a bank holding company are to be reported to the Bank Commissioner. Prior approval of the Bank Commissioner is
required in certain situations, which are described in Section 23-48-317(b). New stock issues are to also be reported to
the Bank Commissioner in order for information in your corporate file with the
department to be kept current with the number of shares issued by your holding
company (refer to Section 48-316.1 on page R8.4). Holding companies with treasury stock should
complete the “number of treasury shares” line on the bottom of each stock
transfer certificate.
Certain
information is to be submitted to the Bank Commissioner in order to complete
the holding company’s corporate file.
This information includes:
Articles of Incorporation and any future
amendments thereto (certified copy of the documents filed with Secretary of
State).
Stockholders’ List (submitted on an annual
basis).
Board of Directors’ List and Oath of Directors
(annually).
Federal Reserve
System Reports and other correspondence remitted to the Federal Reserve should
also be copied to the Bank Commissioner.
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