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Office of Economic Development and International Trade

Business Licensing Database
SAVINGS AND LOAN

SAVINGS AND LOAN THRIFT INSTITUTION

Federal

U.S. Department of the Treasury
Office of Thrift Supervision
1700 G. Street, NW
Washington , DC   20522
(202)906-6000
Savings and Loans may apply for a federal charter and are subject to federal examination and reporting requirements and fees.
Must have FDIC insurance.

Federal

Federal Deposit Insurance Corporation (FDIC)
1910 Pacific Avenue, 20th Fl
Dallas , TX   75201-4586
(800)568-9161
FDIC maintains the Bank Insurance Fund (BIF) and the Savings Association Insurance Fund (SAIF) by assessing depository institutions an insurance premium twice a year. The amount each institution is assessed is based both on the balance of insured deposits held during the preceeding two quarters as well as on the degree of risk the institution poses to the insurance fund.

Link:  http://www.fdic.gov/deposit/insurance/risk/
The FDIC provides a variety of other information and guidelines on regulations affecting financial institutions.

Link:  http://www.fdic.gov/regulations/resources/

State

Colorado Department of Regulatory Agencies
Division of Financial Services
1560 Broadway #1520
Denver , CO   80202
(303)894-2336
Fax: (303)894-7886
Savings and Loans apply for state charter with the division, application fee: $2,500. (11-40-101 thru 11-48-107, C.R.S.)
Must be insured by FDIC. Division accepts the Office of Thrift Supervision capitalization requirements.
Savings and loans also apply with the division to establish a branch office, branch application fee: $250.
NOTE:  See also MORTGAGE BUSINESS

page last updated 8/7/03

The Colorado Revised Statutes are available on line at http://198.187.128.12/colorado/lpext.dll?f=templates&fn=fs-main.htm&2.0. You can locate a statute of interest by searching either on the citation given in the database (e.g., 18-5-307) or on a keyword or phrase.

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