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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, 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.
Creation/Revision Date:
August 21, 2012
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