Ohio Code § 1113.03

§ 1113.03.

(A) Within ten days after receipt from the superintendent of financial institutions of

notice of acceptance of an application for approval to incorporate a stock state bank,

the incorporators shall publish notice of the proposed incorporation in a newspaper

of general circulation in the county where the bank's initial banking office is to

be located.  The incorporators shall publish the notice once a week for two weeks and furnish

a certified copy of it to the superintendent.  The notice shall specify the name of the proposed bank, its location, the amount

of the proposed capital, the names of the incorporators, the address of the superintendent,

and the date by which comments on the application must be filed with the superintendent,

which date shall be thirty days after the date of the first publication of the notice. (B) If any comments on the application are filed with the superintendent within the thirty-day

period prescribed in division (A) of this section, the superintendent shall determine

whether the comments are relevant to the requirements for incorporation of a stock

state bank and, if so, investigate the comments in the manner the superintendent considers

appropriate. (C) The superintendent shall examine all of the facts connected with the application

to determine if all of the following requirements are met: (1) The proposed articles of incorporation and code of regulations, application for reservation

of name, applicable fees, and other items required meet the requirements of the Revised

Code. (2) The convenience and needs of the public will be served by the proposed bank. (3) The population and economic characteristics of the area primarily to be served afford

reasonable promise of adequate support for the proposed bank. (4) The competence, experience, and integrity of the proposed directors and officers

are such as to command the confidence of the community and warrant the belief that

the business of the proposed bank will be honestly and efficiently conducted. (5) The capital of the proposed bank is adequate in relation to the amount and character

of the anticipated business of the bank and the safety of prospective depositors. (D) Within one hundred eighty days following the date of acceptance of the application,

the superintendent shall approve or disapprove the incorporation of the proposed bank

upon the basis of the examination.  In giving approval, the superintendent may impose conditions to be met prior to

the issuance of a certificate of authority to commence business under section 1113.09 of the Revised Code . (E) If the superintendent approves the application, the superintendent shall make a certificate

to that effect and forward the certificate and the articles of incorporation of the

proposed bank to the secretary of state for filing.