1560                                          LAWS OF MARYLAND                                     Ch. 113

D. HAS NOT BEEN CHARTERED PRIOR TO JULY
1, 1989.

2.  A MARYLAND BANK THAT HAS BEEN IN
EXISTENCE AND CONTINUOUSLY OPERATED FOR MORE THAN 2 4 YEARS;

3.  A MARYLAND BANK HOLDING COMPANY IN
WHICH ALL MARYLAND BANK SUBSIDIARIES HAVE BEEN IN EXISTENCE AND
CONTINUOUSLY OPERATED FOR MORE THAN 2 4 YEARS; OR

4.  AN OUT-OF-STATE BANK HOLDING COMPANY
IN WHICH ALL MARYLAND BANK SUBSIDIARIES HAVE BEEN IN EXISTENCE
AND CONTINUOUSLY OPERATED FOR MORE THAN 2 4 YEARS; AND

(IV) THE ACQUISITION IS SUBJECT TO ANY
ADDITIONAL CONDITIONS, RESTRICTIONS, REQUIREMENTS OR OTHER
LIMITATIONS THAT APPLY TO THE ACQUISITION BY A MARYLAND BANK
HOLDING COMPANY OF A BANK OR BANK HOLDING COMPANY IN THE
JURISDICTION WHERE THE OUT-OF-STATE BANK HOLDING COMPANY HAS ITS
PRINCIPAL PLACE OF BUSINESS BUT DO NOT APPLY TO ACQUISITIONS BY
BANK HOLDING COMPANIES ALL OF WHOSE BANK SUBSIDIARIES ARE LOCATED
IN THAT JURISDICTION.

(3)  FOR PURPOSES OF ITEM (II) OF THIS PARAGRAPH, A
MARYLAND BANK SHALL BE CONSIDERED TO BE A MARYLAND BANK HOLDING
COMPANY.

(4)  IN DECIDING WHETHER TO APPROVE AN ACQUISITION
UNDER SUBSECTION (A) OF THIS SECTION, THE COMMISSIONER SHALL
CONSIDER:

(I)  THE FINANCIAL AND MANAGERIAL RESOURCES OF
THE OUT-OF-STATE BANK HOLDING COMPANY;

(II)  THE FUTURE PROSPECTS OF THE MARYLAND BANK,
MARYLAND BANK HOLDING COMPANY, OR MARYLAND SUBSIDIARY OF AN
OUT-OF-STATE BANK HOLDING COMPANY THAT WILL BE ACQUIRED;

(III)  THE FINANCIAL HISTORY AND FUTURE
PROSPECTS OF THE OUT-OF-STATE BANK HOLDING COMPANY; AND

(IV)  WHETHER THE ACQUISITION MAY RESULT IN AN
UNDUE CONCENTRATION OF RESOURCES OR SUBSTANTIAL REDUCTION OF
COMPETITION IN THIS STATE . ; AND

(V) INITIAL CAPITAL INVESTMENTS, LOAN POLICY,
INVESTMENT POLICY, DIVIDEND POLICY, AND THE GENERAL PLAN OF
BUSINESS, INCLUDING THE AMOUNT AND COST OF CONSUMER AND BUSINESS
SERVICES TO BE OFFERED.

(5) WHEN CONSIDERING LOAN POLICY AND THE GENERAL PLAN
OF BUSINESS UNDER PARAGRAPH (4) (V) OF THIS SUBSECTION, THE
COMMISSIONER SHALL: