WILLIAM DONALD SCHAEFER, Governor Ch. 662

(b) (1) The plan of acquisition under this section shall
contain sufficient information to allow the Commissioner to
consider the following:

[(1)] (I) The financial and managerial resources of
the out-of-state bank holding company;

[(2)] (II) The future prospects and business plan for
the successor commercial bank;

[(3)] (III) The financial history and future
prospects of the out-of-state bank holding company;

[(4)] (IV) The impact of the proposed acquisition on
competition and concentration of financial resources in this
State;

[(5)] (V) Initial capital investments, loan policy,
investment policy, dividend policy, and general plan of business,
including the amount and cost of consumer and business services
to be offered in this State; and

[(6)] (VI) The corporate and regulatory steps
necessary to consummate the acquisition.

(2) (I) EVERY 6 MONTHS AN OUT-OF-STATE BANK HOLDING
COMPANY THAT HAS MADE AN ACQUISITION 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:

(I) SPECIFIES THE STEPS TAKEN TO:

1. MEET THE CREDIT NEEDS OF SMALL
BUSINESSES, INCLUDING MINORITY OWNED AND WOMEN OWNED SMALL
BUSINESSES;

2. MEET THE CREDIT NEEDS OF FARM OWNERS,
IF ANY, LOCATED WITHIN THE COMMUNITY SERVED BY THE BANK; AND

3. MEET THE CREDIT NEEDS OF LOW AND
MODERATE INCOME FAMILIES AND INDIVIDUALS WHO RESIDE IN THE
COMMUNITY SERVED BY THE BANK; AND

4. PARTICIPATE

(II) 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

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