Section 26-C601. DEPOSITORY INSTITUTIONS

 

601.1The following schedule of fees shall apply to applications from depository institutions and examinations by the Department of Insurance, Securities and Banking:

Charter Offering Circular	$10,000 $5,000
Articles of Incorporation and By-Laws	$3,000
Conversion of charter	$7,500
Branch (includes Out-of-State Bank application to operate in the District)	$2,500
Branch, agency or representative office of a foreign bank	$3,000
Branch (S&L)	$2,500
Bank Examination (for specialty exams only)	$100/hr/per
Merger	$5,000
Office Relocation	$2,000
Fiduciary or other addt'l powers	$2,500
Operating subsidiary	$2,000
BHC formation	$6,000
BHC acquisition	$6,000
Non-branch facilities (electronic)	$1,000
Non-branch facilities (brick & mortar)	$1,000
Certificate of good standing	$200
Reservation of name	$1,000

 

601.2Except as provided in section 601.4 below, District chartered banks also shall be subject to an annual assessment at a rate of $25,000 per year, plus $50 per million dollars of assets.

 

601.3The assessment shall be determined and billed, on a semi-annual basis, upon assets as of June 30th and December 31st of each year.

 

601.4A District of Columbia chartered bank shall be exempt from assessment for the first two (2) years of operations, if the bank began operations as a de novo District of Columbia bank.

 

source

Final Rulemaking published at 55 DCR 1574-1575 (February 15, 2008).