Ohio Code § 1117.05
Ohio Code § 1117.05. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1117.05.
(A) With the written approval of the superintendent of financial institutions, a bank
may contract with one or more other banks, savings banks, and savings associations
to provide services to the contracting bank's customers at any or all of the offices
of the other banks, savings banks, and savings associations as if the offices of the
other banks, savings banks, and savings associations were offices of the contracting
bank. (B) The superintendent shall determine whether to accept a bank's application for approval
of a contract authorized by division (A) of this section within ten business days
after receiving a bank's application for the superintendent's approval of the contract. The superintendent shall approve or disapprove the contract within thirty days after
accepting the bank's application. (C) In determining whether to approve or disapprove a contract authorized by division
(A) of this section, the superintendent shall consider all of the following: (1) The adequacy of the management of both the contracting bank and the other banks,
savings banks, and savings associations; (2) The adequacy of the capital of both the contracting bank and the other banks, savings
banks, and savings associations; (3) The adequacy of the operations and controls of both the contracting bank and the
other banks, savings banks, and savings associations; (4) Whether the contract is being used to avoid application of the criteria for establishing
a banking office under section 1117.02 of the Revised Code or any kind of business combination under Chapter 1115. of the Revised Code. (D) This section does not authorize a contracting bank to establish new deposit accounts,
extend credit, or create new banking relationships through offices of the other banks,
savings banks, and savings associations.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1117.05
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1117.05?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1117.05 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1117.05 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.