SECTION 75.102. Application Fees and Charges

(a) Filing Fees. An applicant must pay the following filing fees, unless an expedited filing fee applies (see subsection (b) of this section):

(1) Charter Application and Amendments.

(A) Charter application: $10,000.

(B) Change of name: $500.

(C) Certificate of formation or bylaws amendments: $100 per request.

(2) Office Locations.

(A) Branch office (other than a mobile facility): $1,500.

(B) Mobile facility: $500, plus $100 for each location where the mobile facility is to be conducting banking business for purposes of §75.132 of this title (relating to Mobile Facility).

(C) Relocate home or branch office: $500.

(3) Reorganization, merger, consolidation, conversion, or purchase and assumption:

(A) For a reorganization, merger, or consolidation transaction in which the resulting institution will be a savings bank, a fee of $2,500 for each financial institution involved in the transaction.

(B) For a purchase and assumption transaction by a savings bank as purchaser, a fee of $2,000 for each financial institution involved in the transaction.

(C) For the conversion by a financial institution that is not a savings bank into a savings bank, the fee will be determined based on the total asset size of the institution, as follows:

(i) $0 - 125 million: $2,500.

(ii) $125 million - $500 million: $5,000.

(iii) $500 million - 1 billion: $10,000.

(iv) over 1 billion - $15,000.

(D) For the conversion of a savings bank into another type of financial institution charter, or a reorganization, merger, or consolidation transaction that otherwise results in a savings bank reorganizing into, or merging or consolidating with a financial institution that is not a savings bank, no fee will be assessed.

(E) for the conversion of a mutual savings bank into a stock savings bank, a fee of $7,500.

(4) Change of control (obtaining control of a savings bank): $5,000.

(5) Permission to issue capital notes or debentures: $1,000.

(6) Holding Companies.

(A) Registration: $2,000.

(B) Reorganization as a mutual holding company: $7,500.

(7) Investment in subsidiaries.

(A) Initial investment: $1,500, plus $100 for each office other than the home office of the proposed subsidiary.

(B) Service subsidiary application to engage in a new activity: $500.

(C) Redesignation of operating subsidiary: $300.

(D) Change of name: $100.

(E) Relocate home or branch office: $100.

(b) Filing Fees for Expedited Applications. An applicant qualifying for expedited treatment for purposes of §75.152 of this chapter (relating to Expedited Applications) must pay the following filing fees in lieu of the filing fee required by subsection (a) of this section:

(1) Branch office: $500.

(2) Mobile facility: $500 (no additional per-site fee).

(3) Relocate home or additional office location: $250.

(4) Reorganization, merger, or consolidation: $2,500.

(5) Purchase and assumption transactions: $2,000.

(c) Reimbursement for Costs. In addition to filing fees established in subsections (a) and (b) of this section, the applicant must reimburse the Department for any costs incurred in connection with investigating or conducting a hearing on the application, including travel expenses.

(d) Protest Filing Fee. A person filing a protest to an application or otherwise requesting a hearing on an application (other than the applicant) must pay a fee of $2,500 at the time the protest or request for hearing is filed.

(e) Fees Nonrefundable; Discretion to Waive Fees and Costs. All filing fees must be paid at the time the application is filed and are nonrefundable. Except for fees set or required by statute, the Commissioner, in his or her sole discretion, may waive, in whole or in part, any fees or costs required by this section.

Source Note: The provisions of this §75.102 adopted to be effective November 20, 2022, 47 TexReg 7535