12 CFR 308.152
§ 308.152 Grounds for disapproval of notice.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 308.152, § 308.152 Grounds for disapproval of notice, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46145
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Full text
The Board of Directors or its designee may issue a notice of disapproval with respect to a notice submitted by a state nonmember bank pursuant to section 32 of the FDIA (12 U.S.C. 1831i) where:
(a) The competence, experience, character, or integrity of the individual with respect to whom such notice is submitted indicates that it would not be in the best interests of the depositors of the state nonmember bank to permit the individual to be employed by or associated with such bank; or
(b) The competence, experience, character, or integrity of the individual with respect to whom such notice is submitted indicates that it would not be in the best interests of the public to permit the individual to be employed by, or associated with, the state nonmember bank.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.