9-534. Same; application; approval; factors.
9-534
9-534. Same; application; approval; factors.In determining whether to approve an application filedpursuant to K.S.A. 9-532 and amendments thereto, the commissioner shallconsider the following factors:
(a) Whether the banks already subsidiaries of the applicant are operated ina safe, sound and prudent manner.
(b) Whether banks already subsidiaries of the applicant have providedadequate and appropriate services to their communities, including servicescontemplated by the federal community reinvestment act of 1977, 12 U.S.C. 2901et seq.
(c) Whether the applicant proposes to provide adequate and appropriateservices, including services contemplated by the federal community reinvestmentact of 1977, 12 U.S.C. 2901 et seq., in the communities served by theKansas bank or by the Kansas bank subsidiaries of the Kansas bank holdingcompany.
(d) Whether the proposed acquisition will result in a Kansas bank orKansas bank holding company that has adequatecapital and good earnings prospects.
(e) Whether the financial condition of the applicant or any of itssubsidiary banks would jeopardize the financial stability of the Kansas bank orKansas bank holding company which is the subject of the application.
History: L. 1991, ch. 45, § 6;L. 1995, ch. 79, § 5; Sept. 29.