Title: Purchase and Assumption Application
Alternate Title:
Description: Minnesota Department of Commerce
Subject: Banking
Trust Companies
Creation Date: 9/11/2008 2:16:32 PM
Modification Date: 8/15/2024 12:12:46 PM
Agency Name: Commerce, Minnesota Department of
Agency URL: https://mn.gov/commerce/
Agency Description:
The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.
Agency Phone: 651-539-1500
Agency Fax: Agency URL: https://mn.gov/commerce/
Agency Address:
85 7th Place East, Suite 500
St. Paul
MN
55101
Division Name: Division of Financial Institutions
Division URL:
Division Description:
Division Phone: Division Fax: Division URL:
Audience: Hold
Application URL:
Renewal URL:
Versa URL:
Requirements:
See Minn. Stat. § 49.33-.41 and Minn. Stat. § 47.51-.57.
Rules:
Statutes: 50
46.51 - .57
49.33 - .41
Forms:
Purchase and Assumption Application
For bank and trust company applications and forms contact bank.applications.comm@state.mn.us
Fees:
Merger fee - $2,000
Detached Facility fee - $500
Period of Issuance:
Length of Determination: 22 - 60 days following the acceptance of a complete application.
Other Info:
Activity: Banking
Financial Institutions
License Detail URL:
Banks
Financial Institutions

