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BUREAU OF BANKING
Department of Professional and Financial Regulation
State of Maine
February 6, 2001

BULLETIN #9 FINANCIAL INSTITUTION FEES FOR VARIOUS APPLICATIONS

To the Chief Executive Officer Addressed:

Various §s of Title 9-B M.R.S.A. grant the superintendent discretionary authority to establish fees for the various applications required by statute. The revised schedule adds one new fee, $250 for filing a notification to engage in closely related activities, and increases two existing fees related to credit union applications. The increased credit union fees incorporate statutory changes and more accurately recoup the costs of processing such applications. The following is a revised schedule of application fees:

9-B M.R.S.A. APPLICATION FEE
Chapter 31 New Financial Institution: Single Office $3,000
Two Offices $4,000
3 or More Offices $5,000
Chapter 33 Branch Applications: New Branch $1,000*
Branch Relocation or Closing $1,000*
Notification Procedure: New Branch $500*
Branch Relocation or Closing $500*
Recording Procedure: New Branch $100
Relocation $100
Chapter 34 Conversions or changes in ownership form $2,000
Chapter 35 Merger, consolidation, and acquisition $2,500
Chapter 37 BY IN-STATE FINANCIAL INSTITUTION De novo interstate branch application $1,000
De novo interstate branch notification $250
Interstate branch acquisition or combination application $2,500
BY OUT-OF-STATE FINANCIAL INSTITUTION: De novo interstate branch notification $250
Interstate branch acquisition or combination notification $2,500
9-B M.R.S.A. APPLICATION FEE
Chapter 44 Engage in a closely related activity:
Application
Notification

$2,500
$250
Service corporation: Application $2,500
Notification $500
Chapter 81 Credit Union: Organization $1,000
Chapter 87 Credit Union: Merger, acquisition or conversion $2,000
Chapter 101 Engage in a closely related activity:
Application
Notification

$2,500
$250
Acquisition of/by a Maine financial institution or holding company: By/of a Maine financial institution or holding company $2,500
By/of a non-Maine financial institution holding company $2,500
Chapter 105 Mutual Holding Company $2,500
Chapter 121 Nondepository Trust Company $3,000
Chapter 122 Merchant Bank Establishment $3,000
Chapter 123 Uninsured Bank Establishment $3,000

*The filing fee for these applications or notifications is per banking market, as defined by the Federal Reserve Bank of Boston, regardless of the number of branches or facilities per market.

Applicants can request a reduced fee for transactions requiring multiple filings or that merely represent an internal restructuring that have nominal impact on public convenience and advantage as defined in 9-B MRSA §253.1(B).

Should you have any questions regarding this Bulletin, please contact Principal Bank Examiner Robert Studley at (207) 624-8573 or by e-mail at: robert.b.studley@state.me.us.

This Bulletin replaces Bulletin #9 issued August 4, 1997.

/s/ Howard R. Gray, Jr.

Superintendent

NOTE: This bulletin is intended solely for informational purposes. It is not intended to set forth legal rights, duties or privileges nor is it intended to provide legal advice. Readers are encouraged to consult applicable statutes and regulations and to contact the Bureau of Banking if additional information is needed.

Last Updated: June 5, 2013