Requirements to Apply to a Bank Charter at the Catawba Digital Economic Zone

The Catawba Zone Authority here establishes the application requirements and the process to obtain a bank charter in the Catawba Digital Economic Zone, under the supervision of the Banking Commission.

Zone Authority

Regulatory Background for Bank Charter Applications

We have establish a process for Bank charter application shorter than anywhere else in the US, while keeping the same levels of compliance

List of documents that need to accompany the Charter Application form

The following is the complete list of documents applicants need to provide to apply for a bank charter. These requirements were last updated on December 7 2023.

Notarized Bank Director's Oath

Bank Charter Application Form

CDEZ Certificate of Organization, or Articles of Incorporation or Charter

CDEZ Certificate of Good Standing

Proposed Bylaws

Business Plan

Interagency Biographical and Financial Report

Fingerprint Card(s)

Existing Contracts involving the institution, the holding company and its affiliates (if applicable), and any organizer, director, senior executive officer, shareholder owning more than 10%, and other insiders.

Stock Benefit Plans

Financial Projections

Steps to Apply for a Bank Charter

1. Complete and sign the application form, based on the Interagency Charter and Federal Deposit Insurance Application. (FDIC)
2. Upload all relevant documentation to this link.
3. Transfer the application fee ($50,000 USD) or to the designated bank account or wallet for bank charter applications

3.1 An executive summary which contains:

The business model.

The community, physical or digital, where the prospective bank aims to conduct its operations, explaining why the conditions suggest a successful operation.

The proposed capital and why it is adequate in light of current and prospective conditions

Why the proposed executive officers and directors, with their experience, abilities, and standing, offer a reasonable assurance of successful operation

3.2. A list of each depository institution and trust company open for business in the home county of the proposed institution.

For Existing Customers

If you are an existing customer, are not looking to apply for a bank charter, and are only looking for information regarding shortlisted banks we have established relationships with that service CDEZ legal entities, click on any of the links below. For help with this process, fill out this form