Establishing a new state-chartered member bank will require obtaining preliminary approval from AZDFI and the Federal Reserve Board of San Francisco (“FRB-SF”) as well as issuance of deposit insurance from the Federal Deposit Insurance Corporation (“FDIC”).  The best place to start is to call the Financial Institution Division of AZDFI and see if a meeting with the Superintendent should be set.  More information on obtaining  new bank organization approval and the applicable forms and fees can be found at www.azdfi.gov by clicking on Financial Institutions; Banks and the Forms and Fees page.