As of June 1, 2012, the Texas Department of Banking will no longer issue branch certificates of authority, and Texas state chartered banks will no longer be required to display a certificate of authority at each branch.
The Department will continue to notify banks when branch applications are approved. However, instead of notifying the Department five days prior to opening the branch, banks will be given up to ten days to notify the Department after an approved branch is opened. Upon notification, the Department will reflect a branch opening in its information systems. Banks may retain existing branch certificates of authority.
This new policy does not apply to policies regarding a certificate of authority issued under Texas Finance Code § 32.006 to a bank’s home office. And it does not affect the requirements of Texas Finance Code § 32.203 and 203.001 with regard to establishing and engaging in the business of banking at a branch office.