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Banks and Trust Companies
Banks and Trust Companies

Banks and Trust Companies

The Division of Financial Institutions regulates state chartered financial institutions and consumer finance companies. The Division charters depository institutions and credit unions, licenses non-depository financial services including money transmitters and trust companies, and conducts safety and soundness examinations. All examinations, supervision, and regulatory activities are performed by Division staff that specializes in the operations of each of the specific industries. The Division's Office of Consumer Affairs works to provide education to Ohioans regarding borrowing and related financial topics.

The Division's Banks and Trust Company Section is the primary regulator of all Ohio-chartered banks and non-depository trust companies.  The Banks and Trust Companies Section is made up of office and field examiner personnel.  The office and field examination staff is supervised by the Deputy Superintendent of Banks. 

This website offers easy access to laws and guidelines for state-chartered banks and non-depository trust companies.  Here you will also find applications and forms for various institutional and organizational changes, as well as publications and other useful  resources from the Banks and Trust Companies Section.

Banks

The Division's Banking Section regulates Ohio state-chartered banks. This website provides links to Ohio banking laws and guidelines, new charter requirements, and merger information. Access to forms for applications, amendments, changes, and the election to operate as a savings and loan are found on the applications and forms page

Trust Companies

The Division's Banking section also regulates non-depository trust companies. Trust application forms can be found on the applications and forms page. For specific state legislation, refer to the Ohio Revised Code Title 11 Banks - Savings and Loan Associations. Other regulatory guidance and resources can be found on the guides and resources page. Types of trust companies chartered by the State of Ohio include:

Public Trust Companies

A public trust company resembles a traditional bank trust department or trust company with the defining factor being the solicitation and acceptance of public accounts. 

Private Trust Companies

Private trust companies limit activities to the management of private assets, usually for the benefit of a single family lineage.