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Title: Interstate Trust-Trust Office or Representative Trust Office
Alternate Title:
Description: Minnesota Department of Commerce
Subject: Banking
Trust Companies
Creation Date: 9/11/2008 2:14:05 PM
Modification Date: 9/13/2019 8:19:12 AM
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: 651-539-1600
800-857-3602
Agency Fax: Agency URL: https://mn.gov/commerce/
Agency Address:
85 7th Place East, Suite 500

St. Paul
MN
55101
Division Name: Financial Institutions Division
Division URL:
Division Description:
Division Phone: Division Fax: Division URL:
Audience: Hold Application URL:
Renewal URL:
Versa URL:
Requirements:

Authorization as a state chartered trust company or bank with trust powers. Evidence of compliance with statutory requirements under Minn. Stat. Chapter 48A

Trust Service Office may be established 30 days after the filing of a complete notification, unless specifically disallowed within 30 days.


Rules:
Statutes: 48A.14

Forms:

For bank and trust company applications and forms, please contact Jessica Trouten at 651-539-1714 or jessica.trouten@state.mn.us


Fees:

Application fee - $250


Period of Issuance:

Perpetual until suspended or voluntarily closed.


Length of Determination: 30-60 days following the acceptance of a complete application.
Other Info:
Activity: Banking
Trusts
License Detail URL:

Trust Companies

Financial Institutions

Minnesota Department of Commerce


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