If the department determines that the order is necessary for the protection of depositors, the department may issue an order under AS 06.01.030 to require a state bank to increase its capital accounts or to reduce its deposits. In making a decision whether to issue an order under this section, the department shall consider the
(1) quality of management;
(2) quality and liquidity of assets;
(3) history of earnings and retention of earnings;
(4) quality and character of ownership;
(5) potential volatility of deposit structure;
(6) quality and cost of bank operations; and
(7) capacity to meet present and future needs of the area served, considering the bank's competition.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 05. Alaska Banking Code
Sec. 06.05.301. Applicability of corporations code.
Sec. 06.05.305. Capital structure.
Sec. 06.05.307. Capital notes or debentures.
Sec. 06.05.310. Correction of impairment of capital.
Sec. 06.05.320. Bank purchases of own shares.
Sec. 06.05.327. Change in outstanding voting shares.
Sec. 06.05.340. Certain remuneration prohibited.
Sec. 06.05.342. Subscriptions for shares.
Sec. 06.05.344. Application for approval of state bank.
Sec. 06.05.345. Articles of incorporation.
Sec. 06.05.350. Certificate of authority.
Sec. 06.05.355. Deposit insurance required.
Sec. 06.05.385. Organizational meeting; bylaws.