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The Commonwealth of Massachusetts Division of Banks 1000 Washington Street, 10th Floor Boston, Massachusetts 02118 GREGORY DIALECT SECRETARY OF HOUSING AND ECONOMIC DEVELOPMENT DEAL L. PATRICK GOVERNOR

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What is division of banks?

Division of banks is a regulatory filing that divides the assets and liabilities of a bank into separate entities.

Who is required to file division of banks?

Banks that are undergoing a restructuring or division are required to file division of banks.

How to fill out division of banks?

Division of banks can be filled out electronically through the regulatory agency's online portal or submitted in paper form.

What is the purpose of division of banks?

The purpose of division of banks is to ensure a transparent separation of assets and liabilities during a bank restructuring.

What information must be reported on division of banks?

The division of banks report must include detailed information on the assets, liabilities, and legal entities involved in the division.

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