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 established 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 February 7, 2023.

Bank Charter Application Form

Business Plan

CDEZ Certificate of Good Standing

CDEZ Certificate of Organization, or Articles of Incorporation or Charter

Contracts/Agreements with Service providers

Directors Resume
Notarized Bank Director’s Oath

Interagency Biographical and Financial Report

Fingerprint Card

Independent Appraisals, Market Valuations, and Comparisons

Stock Benefit Plans regarding employment and compensation

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.

Proof of Payment for charter application

Proposed Bylaws

Stock Benefit Plans

Community Reinvestment Act (CRA) Plan
Technology vendor agreement documents

Bank Secrecy Act Program

Financial Projections

Employment/Compensation Agreements

Other contracts/Agreements

Market Feasibility study/ Economic Survey

Policies

Director’s affiliation document

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. Transfer the application fee ($50,000 USD) or to the designated bank account or wallet for bank charter applications.
3. Upload all relevant documentation to this link.

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