9-534. Same; application; approval; factors. - Kansas Statutes

9-534

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES Article 5.--MISCELLANEOUS PROVISIONS

      9-534.   Same; application; approval; factors. In determining whether to approve an application filed pursuant to K.S.A. 9-532 and amendments thereto, the commissioner shall consider the following factors:

      (a)   Whether the banks already subsidiaries of the applicant are operated in a safe, sound and prudent manner.

      (b)   Whether banks already subsidiaries of the applicant have provided adequate and appropriate services to their communities, including services contemplated by the federal community reinvestment act of 1977, 12 U.S.C. 2901 et seq.

      (c)   Whether the applicant proposes to provide adequate and appropriate services, including services contemplated by the federal community reinvestment act of 1977, 12 U.S.C. 2901 et seq., in the communities served by the Kansas bank or by the Kansas bank subsidiaries of the Kansas bank holding company.

      (d)   Whether the proposed acquisition will result in a Kansas bank or Kansas bank holding company that has adequate capital and good earnings prospects.

      (e)   Whether the financial condition of the applicant or any of its subsidiary banks would jeopardize the financial stability of the Kansas bank or Kansas bank holding company which is the subject of the application.

      History:   L. 1991, ch. 45, § 6; L. 1995, ch. 79, § 5; Sept. 29.