HARRY HUGHES, Governor

1299

(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;

(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:

(i) Consider specific steps that will be taken
to meet the credit needs of small businesses and individuals in
the community to be served, including low and moderate income
residents consistent with safe and sound operation of the
institution; and

(ii) Assess the record, if any, of the
applicant in meeting the credit needs of the communities served
in the past, including small businesses in the community served
and low and moderate income residents, consistent with the safe
and sound operation of the institution.

(b) (1) An out-of-state bank holding company having a
Maryland bank subsidiary or Maryland bank holding company
subsidiary that was not acquired by it in accordance with §
5-1004(b)(2) of this subtitle is authorized to acquire another
Maryland bank or Maryland bank holding company upon approval by
the Commissioner.

(2) The Commissioner may not grant approval of an
acquisition under this subsection unless the Commissioner shall
find that the out-of-state bank holding company seeks to acquire:

(i) A de novo Maryland bank that:

1. Has or will have on the date banking
business is commenced in this State a minimum capital stock and
paid-in surplus of $10,000,000 and will have within 1 year of the