# Tex. Finance Code § 32.003: APPLICATION FOR STATE BANK CHARTER; STANDARDS FOR APPROVAL

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.003

## Section

- **Citation:** Tex. Finance Code § 32.003
- **Heading:** APPLICATION FOR STATE BANK CHARTER; STANDARDS FOR APPROVAL
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 32 / Section 32.003

## Text

(a) An application for a state bank charter must be made under oath and in the form required by the banking commissioner, who shall inquire fully into the identity and character of each proposed director, officer, and principal shareholder. The application must be accompanied by all charter fees and deposits required by law.

(b) The banking commissioner shall grant a state bank charter only if the commissioner determines that the organizers have established that public convenience and advantage will be promoted by the establishment of the state bank. In determining whether public convenience and advantage will be promoted, the banking commissioner shall consider the convenience of the public to be served and whether:

(1) the organizational and capital structure and amount of initial capitalization is adequate for the business plan;

(2) the anticipated volume and nature of business indicates a reasonable probability of success and profitability based on the market sought to be served;

(3) the officers and directors as a group have sufficient banking experience, ability, standing, competence, trustworthiness, and integrity to justify a belief that the bank will operate in compliance with law and that success of the bank is probable;

(4) each principal shareholder has sufficient experience, ability, standing, competence, trustworthiness, and integrity to justify a belief that the bank will be free from improper or unlawful influence or interference with respect to the bank's operation in compliance with law; and

(5) the organizers are acting in good faith.

## Nearby sections

- [Tex. Finance Code § 32.001 § 32.001. ORGANIZATION AND GENERAL POWERS OF STATE BANK.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.001.md)
- [Tex. Finance Code § 32.002 § 32.002. CERTIFICATE OF FORMATION OF STATE BANK.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.002.md)
- [Tex. Finance Code § 32.003 § 32.003. APPLICATION FOR STATE BANK CHARTER; STANDARDS FOR APPROVAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.003.md)
- [Tex. Finance Code § 32.004 § 32.004. NOTICE AND INVESTIGATION OF CHARTER APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.004.md)
- [Tex. Finance Code § 32.005 § 32.005. PROTEST; HEARING; DECISION ON CHARTER APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.005.md)
- [Tex. Finance Code § 32.006 § 32.006. ISSUANCE OF CERTIFICATE OF AUTHORITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.006.md)
- [Tex. Finance Code § 32.007 § 32.007. DEADLINE TO BEGIN BUSINESS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.007.md)
- [Tex. Finance Code § 32.008 § 32.008. APPLICATION OF GENERAL CORPORATE LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.008.md)
- [Tex. Finance Code § 32.009 § 32.009. PARITY BETWEEN STATE AND NATIONAL BANKS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.009.md)
- [Tex. Finance Code § 32.010 § 32.010. ADDITIONAL POWERS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.010.md)
- [Tex. Finance Code § 32.011 § 32.011. FINANCIAL ACTIVITIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.011.md)
- [Tex. Finance Code § 32.101 § 32.101. AMENDMENT OR RESTATEMENT OF STATE BANK CERTIFICATE OF FORMATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.101.md)
- [Tex. Finance Code § 32.102 § 32.102. ESTABLISHING SERIES OF SHARES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.102.md)
- [Tex. Finance Code § 32.103 § 32.103. CHANGE IN OUTSTANDING CAPITAL AND SURPLUS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.103.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.003. Check the current official text before relying on it. Not legal advice.