SECTION 6.5. Criteria for Approval

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In determining whether to approve an application for the designation of a banking development district, the commission shall take into consideration the following criteria:
(1) the location, number, and proximity of sites where banking services are available in the proposed district;
(2) consumer needs for banking services in the proposed district;
(3) the economic viability and local credit needs of the community in the proposed district;
(4) the existing commercial development in the proposed district;
(5) the impact additional banking services would have on potential economic development in the proposed district;
(6) the physical size and cohesiveness of the proposed district; and
(7) the history of the availability of banking services in the proposed district.

Source Note: The provisions of this §6.5 adopted to be effective November 5, 2015, 40 TexReg 7621

                    
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