N.Y. Comp. Codes R. & Regs. tit. 3 § 105.3

Current through Register Vol. 46, No. 53, December 31, 2024

Section 105.3 - Additional information

If the application is for a change of location, the applicant should submit the following:

(a) a statement giving the proposed date for commencement of operations at the new location and:

(1) stating that no lease for the proposed premises will contain a clause prohibiting the landlord from renting space to another banking institution under State or Federal supervision;

(2) stating whether any director, trustee, officer or employee of the applicant has any interest, direct or indirect, in the proposed premises, or in the construction thereof;

(3) estimating the cost of establishing an office at the new location;

(4) confirming that the proposed site has been appropriately zoned to permit the operation of a banking office;

(5) stating whether or not the contemplated expenditures for acquisition of land and buildings, or leasehold improvements, may be incurred within the relevant statutory limits;

(6) indicating the proposed disposition of the present location, if owned, or if leased, the arrangements made to terminate the lease or to sublet the premises;

(7) confirming that the establishment of the office at the proposed location does not conflict with any of the existing provisions of the New York State Historic Preservation Act;

(8) stating that the applicant is aware of and has given due consideration to adopting appropriate security measures in accordance with industry standards; and

(9) confirming that the level of service at the new location will be substantially the same as, or greater than, the level of service presently being offered. (If this is not the case, an explanation should be provided.);

(b) any additional items which the department may require on a case-by-case basis.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 105.3