Bank Organization

1. LICENSING OF FOREIGN BANKS

1.1. Sec. 72 Transacting Business in the Philippines

1.2. Sec. 73 Acquisition of Voting Stock in a Domestic Bank

1.3. Sec. 74. Local Branches of Foreign Banks

1.4. Sec. 75. Head Officer Guarantee

1.5. Sec. 76. Summons and Legal Process

1.6. Sec. 77 Laws Applicable

1.7. Sec. 78 Revocation of License of a Foreign Bank

2. WHY BANKS ARE ESTABLISHED AS CORPORATIONS

2.1. A corporation is formed

2.2. Methods of financing available

2.3. Risk of an investor

3. ROLE OF REGULATORY GOVERNMENT BODIES IN BANK

3.1. To facilitate the processing and approval of pertinent documents

3.2. Certificate of authority

3.3. The approval of the by-laws

3.4. Supervising and Examining Department

3.5. The Securities and Exchange Commission

4. GENERAL ASPECTS IN ESTABLISHING BANKS

4.1. Determination of the amount of capital to be raised

4.2. Economic justification for banks

4.3. Selection of stockholders

4.4. The determination of the kind of bank to be formed

5. ORGANIZATION, MANAGEMENT AND ADMINISTRATION

5.1. Sec. 8. Organization

5.2. Sec. 9. Issuance of Stocks

5.3. Sec. 10. Treasury Bonds

5.4. Sec. 12. Stockholdings Of Family Groups Or Related Interest

5.5. Sec. 13. Corporate Stockholdings

5.6. Sec. 14. Certificate Of Authority To Register

5.7. Sec. 15. Board of Directors

5.8. Sec. 16. Fit and Proper Rule

5.9. Sec. 17. Directors of Merged or Consolidated Banks

5.10. Sec.18. Compensation and Other Benefits Of Directors and Officers

5.11. Sec. 19. Prohibition on Public Officials

5.12. Sec. 20. Bank Branches

5.13. Sec. 21. Banking Days and Hours

5.14. Sec.22. Strikes and Lockouts.

6. BANK LOANS

6.1. Anyone imbued with business sense