Washington State Department of Financial Institutions

Division of Banks Opinions Index

Index of opinions (2003-current) from the Washington State Division of Banks.  You may search the opinions or view opinions by year and subject.

Opinions Archive
View 2004-1996 opinions.

1) Search Opinions

Search the opinions by keyword phrases. For exact phrases use quotes such as "national bank"

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2) Or: View Opinions by Year and Subject

Year Opinion # Subject
2011
  ISGC-2011-002-DFI (PDF)* Withdrawal of Agency Interpretation (ISGC 2008-005A-DFI) – State Bank Residential Mortgage Operating Subsidiary Subject to Consumer Loan Act
  ISGC-2011-003-DOB (PDF)* Use of "RecycleBank" Impermissible in Washington
2010
  ISGC-2010-001-DOB (PDF)* Advance Notice Of Change Of Control Under RCW 30.04.405 – When Unnecessary?
ISGC-2010-002-DOB (PDF)* 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-2010-003-DOB (PDF)* 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
2009
  ISGC-2009-001-DOB (PDF)* Winding-Up The Affairs Of A Business Development Corporation
2008
  ISGC-2008-001-DOB (PDF)* Merger Of State Trust Company Into National Bank
  ISGC-2008-003-DOB (PDF)* Merger Of State Trust Company Into National Bank
  ISGC-2008-005-DOB (PDF)* Merger Of State Trust Company Into National Bank
  ISGC-2008-005A-DFI (PDF)* Licensing Exemptions For State Savings Bank Subsidiary Under Mortgage Broker Practices Act And Consumer Loan Act (Superseded By ISGC-2011-002-DFI In Relation To Consumer Loan Act)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 (PDF)* Notice Of Unauthorized Use Of “Banque” In “Kredit Banque Corporation”
  ISGC-2008-007-DOB (PDF)* FHLB Seattle Letter Of Credit Program – Exemption From RCW 30.04.140
  ISGC-2008-008-DOB (PDF)* Shortened (Ten Day) Notice Of Shareholder Meetings Contained In Bylaws
2007
  ISGC-2007-007-DOB (PDF)* Direct Sales Of Property & Casualty (Fire) Insurance By State Savings Banks
  ISGC-2007-008-DOB (PDF)* Reciprocity With Rhode Island Regarding Non-Depository Activities (See Also ISGC-2004-005-DOB)
  ISGC-2007-009-DOB (PDF)* Commercial Bank Lending Limits: Combining Loans To Separate Borrowers – Limited Partnership Interests
  ISGC-2007-010-DOB (PDF)* Limitations On “Qualified Investment” Or “Qualified Lending” Under The Business Development Company Act
2006
  ISGC-2006-012-DOB (PDF)* Direct Insurance Sales By State Commercial Banks
2005
  ISGC-2005-001-DOB (PDF)* Exercise Of Custodial Powers By State Commercial Bank: Parity With Powers Conferred Upon A Federally Chartered Bank Under RCW 30.04.215(3)
  ISGC-2005-002-DOB (PDF)* Equity Investment In Community Development Entity Managed By Wholly Owned Subsidiary Of Gse Housing Authority Pursuant To Federally Authorized New Markets Tax Credit Program
  ISGC-2005-003-DOB (PDF)* Retention Of “Savings” In Name Of Bank Upon Conversion To State Commercial Bank Charter
  ISGC-2005-004-DOB (PDF)* State Commercial Bank Lending Limits And Market Variance For “Available For Sale Securities”
  ISGC-2005-005-DOB (PDF)* Use Of “Bank” In “Domainbank.Com”
  ISGC-2005-006-DOB (PDF)* Reciprocity: Out-Of-State Tennessee Bank Seeking To Branch In Washington State

(NOTE: Superseded By Dodd-Frank Act)
  ISGC-2005-008-DOB (PDF)* Holding And Developing Branch Facilities In The Form Of Condominiums
  ISGC-2005-009-DOB (PDF)*
  • Authority To Merge Insurance Agency Subsidiary Into Depository Institution
  • Insurance-Related Powers Of A State Depository Institution Acting As An Insurance Agency
  ISGC-2005-010-DOB (PDF)* Houseboats: Floating Home Lending Program & Ffiec Guidelines Concerning Credit Risk-Ratios
  ISGC-2005-013-DOB (PDF)* Contemporaneous Use Of Official Charter Name (“ABC Bank”) And Assumed Business Or Trade Name (“XYZ Bank”)
  ISGC-2005-020-DFI (PDF)* Debt Cancellation Contracts And Debt Suspension Agreements
  ISGC-2005-023-DOB (PDF)* Loans-to-One Borrower Rule and the “Direct Benefit Test”
2004
  ISGC-2004-003-DOB (PDF)* Retention Of State Savings Bank Powers After Conversion To State Commercial Bank Charter
  ISGC-2004-004-DOB (PDF)* Authority To Form Subsidiary To Hold And Complete Development Of Foreclosed Property
  ISGC-2004-005-DOB (PDF)* State’s Reciprocity With Rhode Island Re: Purchasing Home Improvement Retail Installment Contracts
  ISGC-2004-006-DOB (PDF)* Trust Company Business And State’s Reciprocity With Nevada
  ISGC-2004-007-DOB (PDF)* Virginia Bank And Its Mortgage Subsidiary: Requirements Of And Exemptions From Department Regulation (NOTE: Partially Superseded By Later Amendments To Consumer Loan Act, Ch. 31.04 RCW)
  ISGC-2004-008-DOB (PDF)* New York Bank’s Authority To Offer Secured Discretionary Lines Of Credit In Washington State
  ISGC-2004-010-DOB (PDF)* Acquisition Of Thrift Holding Company Of State Savings Bank By National Bank Holding Company; Merger Of State Savings Bank Into National Bank
  ISGC-2004-011-DOB (PDF)* Out-Of-State Bank Holding Company Acquisition Of De Novo Commercial Bank

Chartered Pursuant To RCW Title 30 — Prohibition And Alternatives
  ISGC-2004-012-DOB (PDF)* Establishing “Short Duration” Branches At Washington State Colleges & Universities
During Periods Of Enrollment/Registration
2003
  ISGC-2003-002-DOB (PDF)* Shareholder’s Dissenting Rights Re: Merger Of State Savings Association Into Federal Savings Association
  ISGC-2003-003-DOB (PDF)* Issues Related To Business Development Corporations Under Ch. 31.24. RCW Prior To 2006 Amendments

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