Section 386-A:6 Considerations. - New Hampshire Statutes

Before acting on any petition, the board shall consider such evidence as may be presented by the petitioners and all other interested persons, firms and corporations, including members of the general public and shall keep a permanent record of such evidence. The petitioners shall submit to the board full information as to the identity and background of each person, firm, or corporation who has subscribed to 3 percent or more of the initial capital of the proposed bank, including information on whether such person, firm, or corporation held an equity interest of 3 percent or more in or served as a director or officer of a bank which has failed. In making its decision on each petition, the board shall not take favorable action unless it determines that the following are adequate:
   I. The proposed bank's capital structure.
   II. The earning prospects of the proposed bank.
   III. The character and general standing in the community of subscribers, the prospective directors, proposed officers and other employees, and other persons connected with the petition or to be connected with the proposed bank.
   IV. The banking ability and experience of proposed officers and other employees.

Source. 1965, 279:1. 1973, 504:5. 1992, 230:1, 2. 1998, 139:13, eff. Aug. 7, 1998.