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Office of Economic Development and International Trade

Business Licensing Database
BANK

ATM BANK COMMERCIAL BANK ESCROW MANAGEMENT
FINANCIAL INSTITUTION INDUSTRIAL BANK LENDING LENDING INSTITUTION
TRUST COMPANY

Federal

U.S. Office of the Comptroller of the Currency
1225 17th St Suite 300
Denver, CO 80202
(720)475-7600
National charter banks only, contact for:
Application must be filed directly with this office.
National banks must be members of the Federal Reserve. State banks have the option of membership.

Complaints handled through Comptroller’s office.
To read the Comptroller of the Currency's Licensing Manual which explains the OCC policies and procedures to form a new national bank, visit:

Link: http://www.occ.treas.gov/corpapps/corpapplic.htm

All charter applicants will be reviewed by the comptroller of the currency. Regulatory conditions including minimun capital and capital maintenance conditions may be required for approval. These amounts depend on the risk inherent in the charter.
View all division of banking application forms at:

Link: http://www.dora.state.co.us/banking/applicationforms/applicationformsindex.htm

Federal

Federal Deposit Insurance Corporation (FDIC)
1601 Bryan St
Dallas , TX   75201-4586
(214)754-0098
(800)568-9161
State banks must apply for FDIC Insurance programs.
 
 

State

Colorado Department of Regulatory Agencies
Division of Banking
1560 Broadway #975
Denver , CO   80202
(303)894-7575
Fax: (303)894-7570
Application for a commercial or industrial bank is required, with a fee of $12,000.
Banking Board must hold hearing for commercial and industrial banks. Hearing must demonstrate the need for and profitability of bank in chosen location. Additional data, financial statements and other pertinent information may be required by the Banking Board. Burden of proof lies with the applicant.
Capital requirement as determined by the Board (at a minimum, 6% of adjusted total assets, generally a higher percentage is required.)
Automated Teller Machine (ATM) surcharges must be disclosed.

page last updated 3/23/10

The Colorado Revised Statutes are available on line at http://www.state.co.us/gov_dir/leg_dir/olls/colorado_revised_statutes.htm. You can locate a statute of interest by searching either on the citation given in the database (e.g., 18-5-307) or on a keyword or phrase.

 

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