Division of Administrative Hearings, Florida
Filed: May 17, 1990
In February, 1990, an Application to the Florida Department of Banking and Finance for Authority to Organize a Bank Pursuant to Chapter 658, Florida Statutes (hereinafter referred to as the "Application"), was received by the Department of Banking and Finance, Division of Banking (hereinafter referred to as the "Department"). Pursuant to the Application, authority was sought to organize Pine Banking Corporation as a bank in the State of Florida. Three foreign nationals (hereinafter referred to as the "Applicants") are associated with the Application. On May 17, 1990, the Department referred the matter to the Division of Administrative Hearings by letter from counsel for the Department. Accompanying the letter was a copy of an Administrative Notice of Public Hearing issued by the Department on May 17, 1990, and a copy of the Application. The matter was assigned to the undersigned to conduct a public hearing pursuant to Section 120.60(5)(d), Florida Statutes. Toward this end, the parties were contacted by telephone to determine an acceptable date and place for the public hearing. It was agreed that the public hearing would be conducted on October 5, 1990, in Miami, Florida. Notice of the public hearing was provided by the Applicants as required by Section 120.60(5)(d), Florida Statutes.Report of public hearing on application of foreign national to organize Pine Banking Corporation a new state-chartered bank.
