DFI-SB 21.21(3)(a)1.1. Notify its members of the action by publishing a statement required by s. DFI-SB 21.22 (1) as a class 1 notice under ch. 985, Stats., in a newspaper having general circulation in each community in which the home office or a branch office of the savings bank is located or by mailing a letter to each member or both. Copies of the published statement with the publisher’s affidavit of publication and any letter and any press release under subd. 2. shall be filed with the division as part of the application for conversion. DFI-SB 21.21(3)(a)2.2. Have copies of the plan of conversion available for inspection by its members at each office. DFI-SB 21.21(3)(b)(b) The savings bank may issue a published statement, letter or press release with respect to the action. Copies of any published statement, letter or press release are not required to be approved by the division prior to their use, but may be submitted to the division for comments. DFI-SB 21.21 HistoryHistory: Cr. Register, February, 1994, No. 458, eff. 3-1-94. DFI-SB 21.22(1)(1) Form of required publication. Upon the division’s determination that an application for conversion is properly executed and is materially complete, he or she shall advise the applicant, in writing, to publish a notice of the filing of the application. Within 15 days after receipt of the notice, the applicant shall prominently post the notice in each of its offices and publish the notice as a class 1 notice under ch. 985, Stats., in a newspaper having general circulation in each community in which the home office or a branch office of the applicant is located, as follows:
NOTICE OF FILING OF AN APPLICATION
FOR CONVERSION TO A STOCK SAVINGS BANK
NOTICE IS HEREBY GIVEN That under s. 214.685, Stats., and ch. DFI-SB 21, Wis. Adm. Code,
___________________________________
(name of applicant) has filed an application with the Office of the Division of Banking for approval to convert from a mutual savings bank to a stock savings bank.
The original copy of the application is on file with the division and is available for public inspection or copying at 4822 Madison Yards Way, North Tower, 5th Floor, Madison, Wisconsin 53705. Written comments, including objections to the plan of conversion, and materials supporting the objections from any member of the applicant or any other person with objections to all or a part of the plan of conversion will be considered by the division if received by him or her or postmarked within 10 business days after the publication of this notice. Failure to timely file written comments may preclude the pursuit of any remedies.
DFI-SB 21.22(2)(2) Verifying publication. After publication of the notice, the applicant shall file with the division a copy of the published notice and a publisher’s affidavit of publication from each newspaper in which the notice was published. DFI-SB 21.22 HistoryHistory: Cr. Register, February, 1994, No. 458, eff. 3-1-94; correction in (1) made under s. 13.92 (4) (b) 6., Stats., Register December 2012 No. 684; correction in (1) made under s. 13.92 (4) (b) 6., Stats., Register May 2018 No. 749; correction in (1) (form) made under s. 13.92 (4) (b) 6., Stats., Register March 2020 No. 771. DFI-SB 21.23DFI-SB 21.23 Solicitation of proxies; proxy statement. DFI-SB 21.23(1)(1) Solicitations to which this rule applies. This section applies to every solicitation of a proxy from a member of a savings bank for the meeting at which a conversion plan will be voted upon, except the following: DFI-SB 21.23(1)(a)(a) Any solicitation made other than on behalf of the officers where the total number of persons solicited is not more than 50. DFI-SB 21.23(1)(b)(b) Any solicitation in a newspaper advertisement which informs the savings bank’s members, following approval of the plan of conversion by the division, where they may obtain copies of a proxy statement, form of proxy, or any other soliciting material and does no more than: DFI-SB 21.23(2)(2) Information to be furnished members. No proxy solicitation under this section shall be made unless each person solicited is concurrently furnished, or has previously been furnished, by mail, a written proxy statement. DFI-SB 21.23(3)(c)(c) Identify clearly and impartially each matter or group of related matters intended to be voted upon. DFI-SB 21.23(3)(e)(e) Describe any article of incorporation or state law or rule requirement restricting or conditioning voting by proxy. DFI-SB 21.23(3)(f)(f) Contain an acknowledgment by the person solicited that he or she has received a proxy statement prior to signing the form. DFI-SB 21.23(3)(h)(h) Provide by a box or otherwise, a means whereby the person solicited may specify a choice between approval or disapproval of each matter intended to be acted upon.