3 CRR-NY 8.3NY-CRR
3 CRR-NY 8.3
3 CRR-NY 8.3
8.3 Criteria for approval.
In determining whether to approve an application for the designation of a banking development district, the superintendent shall take into consideration the following criteria:
(a) the location, number, and proximity to applicant's proposed site of sites where banking services are available within the proposed banking development district;
(b) the location, number, and proximity to applicant's proposed site of sites where banking services are available within a reasonable distance of the proposed banking development district;
(c) the identification of consumer needs for banking services within the proposed banking development district;
(d) the economic viability and local credit needs of the community within the proposed banking development district;
(e) the existing commercial development within the proposed banking development district;
(f) the impact additional banking services would have on potential economic development in the proposed banking development district;
(g) the physical size of the proposed banking development district;
(h) the nature of the community to be served, including, but not limited to, the demographic and economic characteristics of the proposed banking development district;
(i) the financial condition and managerial ability of the applicant bank as determined by the appropriate bank regulator or other reliable sources;
(j) compliance with all other applicable branching statutes and regulations;
(k) history of prolonged lack of service to the proposed banking development district; and
(l) such other criteria which the superintendent, in his or her discretion, shall identify as appropriate.
3 CRR-NY 8.3
Current through January 31, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.