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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

Minnesota Department of Commerce

   


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