Savings bank, establishment - articles of agreement, requirements.
Mo. Rev. Stat. § 369.675
in effect369.675. Savings bank, establishment — articles of agreement, requirements. — 1. When authorized by the director, any five or more persons who associate themselves by written articles of agreement, as provided by law, for the purpose of establishing a savings bank, may be incorporated under any name or title designating such business. Such persons may act on behalf of a holding company.
2. The articles of agreement shall set forth:
(1) The name of the proposed savings bank, which shall not be confusingly similar to the name of any other existing depository institution;
(2) The address at which such savings bank is to be located;
(3) The amount to be paid in for its capital stock;
(4) The duration of its existence which shall be perpetual;
(5) The purposes of the proposed savings bank;
(6) The number of directors which shall be not more than fifteen nor less than five, all of whom shall satisfy the qualifications in section 369.109 ;
(7) The names of the incorporators, who shall be its directors until the first annual meeting; and
(8) Any other provisions, not inconsistent with law, which the incorporators may choose to insert.
(L. 1997 H.B. 257 § 369.405)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://revisor.mo.gov/main/OneSection.aspx?section=369.675Fetched: 10/17/2026