BankAgency: Insurance and Financial Services
Required State License(s):
Formation of a new bank requires either a state charter or a national charter. Information on forming a Michigan state-chartered bank is available by calling the Corporate Review Section, Department of Insurance and Financial Services at 517-373-7236.
Michigan state-chartered banks are regulated pursuant to the Banking Code of 1999, as amended, MCL 487.11101 et seq.
October 23, 2013