Ohio Revised Code Title XI. Banks Savings and Loan Associations § 1114.07

(1) The superintendent is satisfied, based upon the examination conducted pursuant to section 1114.06 of the Revised Code and any other facts within the knowledge of the superintendent, that the mutual state bank is otherwise entitled to commence business.

(2) The superintendent has received from the federal deposit insurance corporation written confirmation that it has approved the bank's application to become an insured bank as defined in section 3(h) of the “Federal Deposit Insurance Act,” 92 Stat. 614 (1978), 12 U.S.C. 1813(h), as amended.