Banks Opinions

Opinions from the Washington Division of Banks clarifying RCWs and WACs related to state-chartered banks.

DFI Director's Interpretive Statements
See Also: Interpretive Statements from the Director of DFI

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Date Topic/Subject
2015-001-DOB 01/07/2015

Discontinuing Use of State-Mandated “Disclosure Summary” under RCW 19.144.020

ISGC-2011-003-DOB 12/29/2011

Use of "RecycleBank" Impermissible in Washington

ISGC-2011-002-DFI 04/22/2011

Withdrawal of Agency Interpretation (ISGC 2008-005A-DFI) – State Bank Residential Mortgage Operating Subsidiary Subject to Consumer Loan Act

ISGC-2010-003-DOB 10/15/2010

Alien Bank Branch “Paid In Capital” Requirement Under Ch. 30.42 RCW – Compliance By Alternative Pledge of Savings Account in Third-Party Bank Within State

ISGC-2010-002-DOB 08/26/2010

Broker/Dealer’s Marketing Activities Under RCW 30.04.010, RCW 30.04.020, And RCW 30.04.280 (Issue Concerning Whether Activities Are “Solicitation Of Deposits”)

ISGC-2010-001-DOB 08/20/2010

Advance Notice Of Change Of Control Under RCW 30.04.405 – When Unnecessary?

ISGC-2009-001-DOB 04/03/2009

Winding-Up The Affairs Of A Business Development Corporation

ISGC-2008-008-DOB 12/03/2008

Shortened (Ten Day) Notice Of Shareholder Meetings Contained In Bylaws

ISGC-2008-007-DOB 11/04/2008

FHLB Seattle Letter Of Credit Program – Exemption From RCW 30.04.140

ISGC-2008-005A-DFI 06/11/2008

Licensing Exemptions For State Savings Bank Subsidiary Under Mortgage Broker Practices Act And Consumer Loan Act (Superseded By ISGC-2011-002-DFI In Relation To Consumer Loan Act)

ISGC-2008-006-DOB 05/30/2008

Notice Of Unauthorized Use Of “Banque” In “Kredit Banque Corporation”

ISGC-2008-005-DOB 03/27/2008

Merger Of State Trust Company Into National Bank

ISGC-2008-003-DOB 03/26/2008

Merger Of State Trust Company Into National Bank

ISGC-2008-001-DOB 02/29/2008

Merger Of State Trust Company Into National Bank

ISGC-2007-010-DOB 11/13/2007

Limitations On “Qualified Investment” Or “Qualified Lending” Under The Business Development Company Act

ISGC-2007-009-DOB 08/01/2007

Commercial Bank Lending Limits: Combining Loans To Separate Borrowers – Limited Partnership Interests

ISGC-2007-008-DOB 05/23/2007

Reciprocity With Rhode Island Regarding Non-Depository Activities (See Also ISGC-2004-005-DOB)

ISGC-2007-007-DOB 04/05/2007

Direct Sales Of Property & Casualty (Fire) Insurance By State Savings Banks

ISGC-2006-012-DOB 11/22/2006

Direct Insurance Sales By State Commercial Banks

ISGC-2005-023-DOB 12/22/2005

Loans-to-One Borrower Rule and the “Direct Benefit Test”

ISGC-2005-020-DFI 11/21/2005

Debt Cancellation Contracts And Debt Suspension Agreements

ISGC-2005-013-DOB 09/30/2005

Contemporaneous Use Of Official Charter Name (“ABC Bank”) And Assumed Business Or Trade Name (“XYZ Bank”)

ISGC-2005-010-DOB 07/26/2005

Houseboats: Floating Home Lending Program & Ffiec Guidelines Concerning Credit Risk-Ratios

ISGC-2005-009-DOB 07/25/2005

Authority To Merge Insurance Agency Subsidiary Into Depository Institution
Insurance-Related Powers Of A State Depository Institution Acting As An Insurance Agency

ISGC-2005-008-DOB 07/05/2005

Holding And Developing Branch Facilities In The Form Of Condominiums

ISGC-2005-006-DOB 05/13/2005

Reciprocity: Out-Of-State Tennessee Bank Seeking To Branch In Washington State

(NOTE: Superseded By Dodd-Frank Act)

ISGC-2005-005-DOB 04/29/2005

Use Of “Bank” In “Domainbank.Com”

ISGC-2005-004-DOB 04/22/2005

State Commercial Bank Lending Limits And Market Variance For “Available For Sale Securities”

ISGC-2005-003-DOB 04/20/2005

Retention Of “Savings” In Name Of Bank Upon Conversion To State Commercial Bank Charter

ISGC-2005-002-DOB 03/15/2005

Equity Investment In Community Development Entity Managed By Wholly Owned Subsidiary Of Gse Housing Authority Pursuant To Federally Authorized New Markets Tax Credit Program