(a) (1) A state trust institution may establish or acquire and maintain trust offices or representative trust offices anywhere in this state.(2) A state trust institution desiring to establish or acquire and maintain a trust office or representative trust office under subdivision (a)(1) of this section shall file an application with the Bank Commissioner providing:(A) The name of the state trust institution;(B) The location of the proposed additional trust office or representative trust office;(C) A general description of the surrounding market area;(D) Whether or not the location will be owned or leased;(E) A copy of the resolution adopted by the board of the state trust institution authorizing the additional trust office or representative trust office;(F) A general description of the activities to be conducted;(G) An estimate of the cost of the trust office or representative trust office;(H) Any additional information required by the commissioner; and(I) The payment for the filing fee, if any, prescribed by the commissioner.
(1) A state trust institution may establish or acquire and maintain trust offices or representative trust offices anywhere in this state.
(2) A state trust institution desiring to establish or acquire and maintain a trust office or representative trust office under subdivision (a)(1) of this section shall file an application with the Bank Commissioner providing:(A) The name of the state trust institution;(B) The location of the proposed additional trust office or representative trust office;(C) A general description of the surrounding market area;(D) Whether or not the location will be owned or leased;(E) A copy of the resolution adopted by the board of the state trust institution authorizing the additional trust office or representative trust office;(F) A general description of the activities to be conducted;(G) An estimate of the cost of the trust office or representative trust office;(H) Any additional information required by the commissioner; and(I) The payment for the filing fee, if any, prescribed by the commissioner.
(A) The name of the state trust institution;
(B) The location of the proposed additional trust office or representative trust office;
(C) A general description of the surrounding market area;
(D) Whether or not the location will be owned or leased;
(E) A copy of the resolution adopted by the board of the state trust institution authorizing the additional trust office or representative trust office;
(F) A general description of the activities to be conducted;
(G) An estimate of the cost of the trust office or representative trust office;
(H) Any additional information required by the commissioner; and
(I) The payment for the filing fee, if any, prescribed by the commissioner.
(b) The commissioner may deny approval of the additional trust office or representative trust office under subsection (a) of this section if the commissioner finds that the applicant lacks sufficient financial resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the proposed trust office or representative trust office would be contrary to the public interest.