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Banks Announce They Are Converting Charters

First Financial in S.C. to Switch to State Charter
American Banker
Now that the Office of Thrift Supervision has been eliminated, First Federal Savings and Loan Association in Charleston, S.C., does not see much reason to retain its federal charter.


Thrivent Financial Bank may switch charters in wake of Dodd-Frank
Bank Credit News
Thrivent Financial Bank, Appleton, Wis., announced on Wednesday that it is considering a charter change to a credit union charter.

FDIC’s list of banks that have converted their charters since Jan. 1, 2012. (Enter dates and click on "conversions." Submit query. Then, under “Action Taken” look for “CHANGE IN CHARTERING AGENT.”)

First Federal Savings Bank Seeks New State Charter, Reveals Plans for New Name
First Advantage Bancorp said Thursday it is applying to change the charter of its main subsidiary, First Federal Savings Bank, to a state-chartered bank.

Dime Savings Cites Regulations in Switch to State Charter
My Bank Tracker
Dime Savings Bank, like many other community banks, has filed to convert its federal bank charter to a state charter in reaction to heightened regulation.

Will more Kansas banks switch charters from national to state?
The Wichita Eagle
Last week’s announcement by Equity Bank that it is abandoning its national bank charter for a state one might suggest development of a trend.

American National Bank changes name, charter
Wyoming Business Report
Wyoming’s supervisory fees, for example are approximately 38 percent lower than the OCC.