Bank charters in Oregon
The division charters, regulates, and supervises banks and trust companies in the state in accordance with Oregon’s Bank Act.
The Office of the Comptroller of the Currency (OCC), an agency of the United States Department of the Treasury, charters, regulates, and supervises nationally chartered banks and trust companies doing business in Oregon. Banks and trust companies operating in Oregon with charters from other states are regulated by the state that issued the charter.
Oregon Revised Statutes Chapter 707 outlines the application requirements for an Oregon bank or trust company charter.
The division reviews applications to determine whether:
- The proposed institution’s application and articles of incorporation are consistent with the Bank Act.
- Those named in the application have the character, financial responsibility, and general fitness to gain and hold the confidence of the community in which the institution intends to operate, and that they will honestly and efficiently conduct the affairs of the institution.
- The proposed directors and officers are competent to successfully manage the institution.
- The initial capital investment is adequate based on the proposed institution’s business plan.
- There is reasonable assurance of sufficient volume of business for the proposed institution to be economically viable.
Before the division approves a bank charter, the proposed bank must receive approval for deposit insurance from the Federal Deposit Insurance Corporation.
The division will notify the applicants of approval or disapproval of the application within 60 days of receiving a completed application.