AGENCY: Department of Financial Institutions

SERIES: 81342
TITLE: Depository institutions applications
DATES: 1981-
ARRANGEMENT: Alphabetical by name of institution

DESCRIPTION: These are applications for doing business as a lender in the State of Utah. In order to do this, the applicant must have the approval of the Department of Financial Institutions. The applications can be filled out by an individual wishing to buy a bank or a corporate entity. The department reviews the application for financial status and does a background check through the security division in Business Regulations, the Attorney General's office, and the FBI. These applications include articles of incorporation, charters, historical background of the individual(s) or corporation, financial status of the corporation or individual(s), and correspondence. Application types include: branch banks; new banks; new owners or owners who want to purchase more than 20% of the corporation's stock; credit unions; to change from one type of institution to another; and trust departments.

RETENTION

Retain for 4 year(s)

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

APPROVED: 06/1987

FORMAT MANAGEMENT

Paper: Retain in Office for 4 years and then transfer legal documents to legal incorporation.

APPRAISAL

Administrative Legal

This appraisal is based on administrative need and UCA 76-1-302.

PRIMARY DESIGNATION

Private

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