WV State Bank Merger Process.doc
WEST VIRGINIA DIVISION OF BANKING
PROCESS TO BE FOLLOWED BY BANK MERGER APPLICANTS
(INCLUDING REORGANIZATIONS INVOLVING MERGERS OF AFFILIATED BANKS)
(Not for Phantom Bank Merger)
Applicants are encouraged to schedule a pre-filing conference with The West Virginia
Division Of Banking. This conference will provide information regarding the application
process as well as make available information in the West Virginia Division Of Banking's
Complete the Interagency Bank Merger Act Application with the Federal Deposit
Insurance Corporation or the appropriate Federal Reserve Bank.
For West Virginia Division of Banking, file two originally signed copies.
An examination and investigation fee of $500 must be enclosed with the
application if only one bank is merging. If the transaction involves more than one
merging bank OR if the transaction is a reorganization by merger of existing affiliates,
the fee will be $500 plus an additional $500 for each merging NATIONAL BANK OR
FEDERAL THRIFT INSTITUTION. Please make check payable to the West Virginia
Division of Banking.
The staff of the West Virginia Division of Banking will determine if an on-site
examination or investigation of any national banks involved in the merger is needed and
will make such arrangements as necessary for that examination/investigation.
Documents which must accompany the application submitted to The West
Virginia Division Of Banking for initial filing purposes:
Executed and dated copy of Merger/Consolidation/Purchase Agreement
with corporate seals, attestations, and acknowledgements attached or incorporated.
Certification from legal counsel in substantially the following form: "I
hereby certify that I have examined the agreement between the participating institutions
dated ____________________ and related documents. In my opinion the agreement is