Ch. 662

LAWS OF MARYLAND

accident, and credit-related health insurance directly related to
banking activities engaged in by a person regulated under this
article.

(D) (1) EVERY 6 MONTHS AN OUT-OF-STATE BANK HOLDING COMPANY
OR A SUBSIDIARY AUTHORIZED TO OPERATE IN MARYLAND UNDER THIS
SUBTITLE SHALL ANNUALLY SUBMIT A WRITTEN REPORT TO THE
COMMISSIONER THAT SPECIFIES THE STEPS TAKEN TO MEET THE CREDIT
NEEDS OF SMALL BUSINESSES AND INDIVIDUALS IN THE COMMUNITY
SERVED, INCLUDING LOW AND MODERATE INCOME RESIDENTS.:

(1) SPECIFIES THE STEPS TAKEN TO;

(I) MEET THE CREDIT NEEDS OF SMALL BUSINESSES,
INCLUDING MINORITY OWNED AND WOMEN OWNED SMALL BUSINESSES;

(II) MEET THE CREDIT NEEDS OF FARM OWNERS, IF
ANY, LOCATED WITHIN THE COMMUNITY SERVED BY THE BANK; AND

(III) MEET THE CREDIT NEEDS OF LOW AND MODERATE
INCOME FAMILIES AND INDIVIDUALS WHO RESIDE IN THE COMMUNITY
SERVED BY THE BANK; AND

(IV) PARTICIPATE

(2) SPECIFIES THE PARTICIPATION, IF ANY, IN
GOVERNMENT SPONSORED PROGRAMS THAT ARE DESIGNED TO MEET THE
CREDIT NEEDS OF SMALL BUSINESSES, FARM OWNERS, AND LOW AND
MODERATE INCOME INDIVIDUALS; AND

(2) (3) SPECIFIES PLANS, IF ANY, FOR NEW PROGRAMS OR
INITIATIVES TO MEET THE CREDIT NEEDS OF SMALL BUSINESSES, FARM
OWNERS, AND LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

(E) THE REPORTING REQUIREMENT UNDER SUBSECTION (D) OF THIS
SECTION MAY BE SATISFIED BY THE SUBMISSION OF ANY REPORT REQUIRED
BY THE FEDERAL GOVERNMENT IF THE REPORT CONTAINS SUBSTANTIALLY
THE SAME INFORMATION REQUIRED UNDER SUBSECTION (D) OF THIS
SECTION.-----------------------------------------------------------

(2) (E) (F) UPON REQUEST, THE COMMISSIONER SHALL MAKE
AVAILABLE TO THE PUBLIC A COPY OF THE REPORT REQUIRED UNDER THIS
SUBSECTION (D) OF THIS SECTION.

5-1003.

(a) (4) In deciding whether to approve an acquisition under
this subsection, the Commissioner shall consider:

(i) The financial and managerial resources of
the out-of-state bank holding company;

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