§ 4944 Conversion Filing Requirements

• •A bank that wants to change its type (like from a small bank to a big bank) must tell the government about it.
• •The bank must show a plan of how it will change.
• •The bank must prove that the plan follows federal rules.
• •The bank must ask the government for permission to make the change.

A small local bank wants to become a big national bank.

The small bank must send the government a plan showing how it will change, prove that the plan follows federal rules, and ask the government for permission to make the change.