§ 192.100 - Preparing for a conversion.

§ 192.100 What must I do before Preparing for a conversion?.

(a) Your Meeting with appropriate Federal banking agency prior to passing plan. A savings association's board, or a subcommittee of your its board, must meet, in person or electronically, with the appropriate Federal banking agency before you pass your the savings association passes its plan of conversion. The At this meeting may occur at the appropriate Federal banking agency or your offices at your option. At that meeting you the savings association must provide the appropriate Federal banking agency with a written strategic plan that outlines the objectives of the proposed conversion and the intended use of the conversion proceeds.

(b) You should also Consultation with appropriate Federal banking agency before filing application. A savings association also should consult with the appropriate Federal banking agency before you file your filing its application for conversion. The appropriate Federal banking agency will discuss the information that you the savings association must include in the application for conversion, general issues that you it may confront in the conversion process, and any other pertinent issues.