DIVISION OF FINANCIAL
INSTITUTIONS
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Overview
Through the Office of Financial Regulation (OFR),
state-chartered financial institutions are licensed, examined and regulated
to ensure that private funds invested in Florida's state-chartered financial
institutions are protected from potential loss due to failure or insolvency.
OFR has regulatory authority over state-chartered commercial banks,
credit unions, savings associations, nondeposit trust companies, international
banking agencies, representative offices and administrative offices.
Nationally or federally chartered financial institutions are chartered
and regulated by various agencies of the federal government and OFR
does not have regulatory authority over those entities.
OFR processes all applications for new banks, savings
associations, foreign banks, credit unions and trust companies. Applications
for acquisitions, mergers, cross-industry conversions, changes of control,
requests for trust powers and branches are also processed by OFR.
OFR is also responsible for non-regulatory activities,
including technical staff training, all budgetary, purchasing and revenue
issues, drafting legislation and rules, monitoring federal legislative
initiatives, maintaining analytical and statistical information, preparing
special research projects, and office automation.
Office of Financial Regulation
200 East Gaines Street
Tallahassee, FL 32399-0371
Telephone: (850) 410-9800
Fax: (850) 410-9548 or
(850) 410-9550 (Tallahassee Examination Area Office)
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