2. Each director, who did not take the joint oath, must execute an individual oath before a notary.
3. When all directors have taken the oath, the secretary of the board forwards the executed oath(s) to the Licensing staff in the appropriate district office. The bank should retain a copy.
4. After the initial shareholders’ meeting, any new directors will take the oath of directors following the procedures for existing national banks.
Questions related to the preparation of the oath should be directed to the Licensing staff in the appropriate district office.