Bank Application Resources - Savings Association Election or Conversion

Provided below are resources that should be helpful for those considering or pursuing an application to make an election under Section 10(l) of the Home Owners Loan Act (HOLA) or a charter conversion under Section 5(i) of the HOLA. The resources include appropriate references to the Federal Deposit Insurance Act and the FDIC Rules and Regulations, along with links to relevant policy statements, guidance, and available forms.

Contact the appropriate FDIC Regional Office:

• For any questions or inquiries
• Prior to submitting an application that involves unique or unusual circumstances

Resources Specific to Applications for Savings Association Elections

Application Forms

• Contact the FDIC Regional Office

Laws and Regulations

• Section 10(l) of the Home Owners’ Loan Act (12 U.S.C. 1464(l))

Resources Specific to Applications for Savings Association Conversions

Application Forms

• Contact the FDIC Regional Office

Laws and Regulations

• Section 5(i)(5)-5(i)(6) of the Home Owners’ Loan Act (12 U.S.C. 1464(i)(5)-(6))

Other Resources

• FFIEC Statement on Regulatory Conversions dated July 7, 2009
• Section 303.2(dd) of the FDIC Rules and Regulations – Standard Conditions
• Section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813(a)(2))