Bank (Trust-only)

Formation of a new trust-only bank requires either a state charter or a national charter.  Information on forming a Michigan state-chartered trust-only bank is available by calling the Corporate Review Section, Office of Financial and Insurance Regulation, Department of Licensing and Regulatory Affairs at 517-373-7236.

Michigan state-chartered banks are regulated pursuant to the Banking Code of 1999, as amended. MCL 487.11101 et seq.

Revised:  7/18/12