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Under provisions made
available in Section 24, a state-chartered bank may:
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Sell insurance
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Sell securities
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Sell real estate
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Be a travel agency
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Be a trustee, broker,
custodian or advisor
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Do any activity allowed
for national banks
A state-chartered bank may also conduct any other agency activity,
without FDIC approval, as long as the state bank supervisor permits
these activities.
If the bank is state-chartered, and if the state allows, a
subsidiary may:
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Invest in real estate
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Underwrite securities
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Underwrite municipal
revenue bonds
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Or use other expanded
powers on the bank's behalf, if eligible, with notice to the FDIC (they
will say yes or no within 30 to 45 days) or by application (they will
say yes or no within 60 to 90 days)?
FAQ Approved
Applications Application
Form
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