(1) An application to form an interim bank must be on the form in ARM 2.60.903.

(2) The application to form an interim bank must be filed with the department.

(3) The applicant shall publish a notice in a newspaper of general circulation in the community in which the main office of the proposed interim bank is to be located. If there is no such newspaper in the community, then in a newspaper of general circulation published nearest the community will suffice. The notice must run once a week for two consecutive weeks. The public notice must include:

(a) the name of the proposed interim bank;

(b) a brief summary of the purpose of the interim bank;

(c) a reference to ARM 2.60.903, under which the proposed interim bank is to be formed; and

(d) notice that interested persons are invited to comment on the application before the State Banking Board.

(4) The applicant shall provide the affidavit of publication to the department after it is received.