Charters - Treas
Subscription Sample
Date
Escrow Agent’s Name
Escrow Bank Name
Address
City, State, ZIP Code
Dear Mr. or Ms. (Name):
Having read the registration statement dated (insert date) of (name of national bank/ Federal savings association, city, state), I subscribe for (number) shares of capital stock of (name of national bank/Federal savings association) at $(amount) per share.
Enclosed with this letter is a check for $(amount) made payable to the (escrow bank name). This check represents the total amount due for my purchase of capital stock in (name of national bank/Federal savings association). When received by you, the funds are to be held in escrow subject to the following instructions:
• You may invest the funds only in United States Treasury securities (bills, bonds, or notes), including a mutual fund consisting exclusively of such securities, until the national bank/Federal savings association receives its charter from the Office of the Comptroller of the Currency (OCC).
• The organizers reserve the right to reject, in whole or in part, any offer to subscribe and to allot a lesser number of shares than are subscribed for. Until the date the national bank/Federal savings association commences operations, the organizers, if ordered to do so by the OCC, have the right to return the subscription price in whole or in part and cancel the subscription agreement.
• If this subscription offer, or any part of it, is rejected by the organizers, return to the undersigned the amount:
( Paid to you as escrow agent or
( The amount required for the shares allotted, if the organizers rejected a portion of the originally requested subscription.
If any profits accrue on money because of the investment by you, the amount returned will include any such profits.
• If the OCC does not charter the national bank/Federal savings association, you must return promptly the amount of this payment, plus any profits accrued thereon. The funds can be returned only after the OCC directs their release. In that event, your duties and responsibilities hereunder shall terminate.
No. of Dollar
Name Address Shares Amount
(insert information)
If you need any additional information, contact me at (telephone number or e-mail address).
Sincerely,
-- Signature --
Name and Title
Enclosure: Check
................
................
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