Fla. Stat. 658.25
Opening for business

(1)

A bank or trust company corporation shall open and conduct a general commercial bank or trust business no later than 12 months after the commencement of its corporate existence.

(2)

At least 30 days prior to its intended opening date, the corporation shall notify the office of its proposed opening date and confirm its compliance with all conditions imposed in the order or orders issued by the office relating to its organization.

(3)

The office shall perform a preopening examination to verify good faith compliance with all the requirements of law and that the bank or trust company corporation is ready to engage in a general commercial bank or trust business. If the office finds that such requirements have been met, it shall issue a certificate of authorization to transact a general commercial bank or trust business. Upon the issuance of the certificate of authorization, the bank or trust company corporation shall become a state bank or a state trust company and the certificate shall constitute its charter.

(4)

Upon opening for business, a bank or trust company shall have power to engage in a general commercial bank or trust business and to exercise, subject to law, all such incidental powers as may reasonably promote its general commercial bank or trust business.

Source: Section 658.25 — Opening for business, https://www.­flsenate.­gov/Laws/Statutes/2024/0658.­25 (accessed Aug. 7, 2025).

658.12
Definitions 658.16
Creation of banking or trust corporation 658.19
Application for authority to organize a bank or trust company 658.20
Investigation by office 658.21
Approval of application 658.22
Coordination with federal agencies 658.23
Submission of articles of incorporation 658.24
Organizational procedures 658.25
Opening for business 658.26
Places of transacting business 658.27
Control of bank or trust company 658.28
Acquisition of control of a bank or trust company 658.30
Application of the Florida Business Corporation Act 658.32
Annual meetings 658.33
Directors, number, qualifications 658.34
Shares of capital stock 658.35
Share options 658.36
Changes in capital 658.37
Dividends and surplus 658.38
Deposit insurance 658.39
Stockholders 658.40
Definitions for merger and consolidation 658.41
Merger 658.42
Plan of merger and merger agreement 658.43
Approval by office 658.44
Approval by stockholders 658.45
Certificate of merger and effective date 658.48
Loans 658.51
Banks authorized to make commodity loans 658.53
Borrowing 658.60
Depositories of public moneys and pledge of assets 658.67
Investment powers and limitations 658.73
Fees and assessments 658.79
Taking possession of insolvent state banks or trust companies 658.80
Appointment of receiver or liquidator 658.81
Office action 658.82
Receiver 658.83
Liquidator 658.84
Transfers by banks and other acts in contemplation of insolvency 658.90
Receivers or liquidators under supervision of office 658.94
Prima facie evidence 658.95
Voluntary liquidation 658.96
Procedure in voluntary liquidation 658.165
Banker’s banks 658.235
Subscriptions for stock 658.285
Acquisition or ownership of state banks by international banking corporations 658.491
Commercial loans by financial institutions 658.995
Credit Card Bank Act 658.2953
Interstate branching

Current through Fall 2025

§ 658.25. Opening for business's source at flsenate​.gov