Exercise Trust Powers
In order to initiate or expand trust services, a
state-chartered financial institution must first make application with the OFI.
The application must be submitted to OFI prior to the establishment of this
service. Should you have any specific questions concerning trust activities,
please contact Review Examiner Chris Floyd at (225) 925-4660. The fee for this
application is $1,000.
The following provisions will need to be complied with
in order to ensure the timely processing of your application:
This Office will require the original and one copy of the completed application, and one copy should be retained in the Bank's files.
The application, when filed, must be accompanied by an official check in the amount of $1,000 [non-refundable], which is to cover the cost of the application fee. Please make check payable to the "Office of Financial Institutions."
If you have not already done so, a similar request
should be made to the Dallas Office of the Federal Deposit Insurance
Corporation.
Any questions you may have concerning the application
should be directed to Review Examiner Chris Floyd at (225) 925-4660.
Application for Consent to Exercise Trust Powers
Application for Consent to Increase Trust Powers