Welcome
Welcome to the Department of Financial Institutions Banking Division Home Page.
The Bank Division has the legal responsibility for ensuring the Tennessee state-chartered banking system runs on a safe and sound basis. In its supervisory role, the Bank Division periodically examines the financial soundness of all state-chartered banks, savings banks, non-depository trust companies and money transmitters. The staff also examines business and industrial development corporations for compliance with governing statutes. The division is also charged with the responsibility of evaluating applications for new institutions, branches, expanded financial activities and corporate reorganizations.
As of December 31, 2008, the division supervised 160 banks; eight (8) trust companies; two (2) business and industrial development corporations. Additionally, the division licensed 61 Money Transmitters.
Attention All Tennessee State Chartered Banks
This will serve as blanket approval for Tennessee state chartered banks to be closed on December 24 and 25, 2009, if they wish, provided that adequate notice is given to customers prior to the closing. Therefore, no separate letter to this office is necessary.
However, pursuant to T.C.A. Section 45-2-604, should the bank determine that they wish to close for more than two (2) consecutive calendar days, other than Saturday or Sunday, not provided above; the prior approval of this office is required.
Banks should be advised; however, that if the Federal Reserve is open that the Federal Reserve may continue to present cash items to banks even if a particular bank has exercised its discretion to close the bank or one of its offices in accordance with T.C.A. Section 45-2-604. Please contact your respective Federal Reserve branch for further guidance.
Best Wishes for a Happy Holiday Season!
Greg Gonzales, Commissioner Tennessee Department of Financial Institutions
How do I ...
- Form a New Bank or Trust Company?
- Establish a Branch of a Bank or Relocate a Branch?
- Convert to a Tennessee State Chartered Institution?
- Obtain a BIDCO License?
- Obtain or Renew a Money Transmitter License?
- Search for a Bank Using the FDIC Institutional Directory?
- Apply for a Financial Institution Examiner Position?
- File a Complaint?
Hot Topics
- Joint Release/Federal Agencies Propose Rule to Implement S.A.F.E.Act Mortgage Loan Originator Registration Requirements June 1,2009
- Treasury’s Capital Purchase Program
- United States Department of Treasury
- FDIC's Temporary Liquidity Program
- FDIC's Legacy Loans Program site
- Call and Thrift Financial Reports for Banks
Other Related Links
- Tennessee Laws
- Conference of State Bank Supervisers (CSBS)
- Federal Deposit Insurance Corporation
- Board of Governors of the Federal Reserve System, Washington, D. C.
- Federal Reserve Bank of Atlanta
- Federal Reserve Bank of St. Louis
- Office of Comptroller of the Currency
- Office of Thrift Supervision
- Federal Financial Institutions Examination Council
- Financial Crimes Enforcement Network – U.S. Department of the Treasury
- Office of Foreign Assets Control-List of Specially Designated Nationals and Blocked Persons
- Other State Banking Departments
- Search for Unclaimed Property
- Money Transmitter Regulators Association
- Independent Community Bankers of America
Rates of Interest