In determining whether to grant an application by a state bank for permission to operate a trust department to exercise the powers enumerated in this subchapter, the Bank Commissioner may take into consideration the sufficiency of the capital base of the applying state bank, the needs of the community to be served, and any other facts and circumstances that seem to him or her proper, and may grant or refuse the application accordingly.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 47 - Bank Powers — Subsidiaries
§ 23-47-701. Authority of Bank Commissioner
§ 23-47-702. Considerations determinative of grant or denial of applications
§ 23-47-703. Grant and exercise of powers deemed not in contravention of Arkansas law
§ 23-47-704. Segregation of fiduciary and general assets — Separate books and records
§ 23-47-706. Official's oath or affidavit
§ 23-47-707. Loans of trust funds to officers and employees prohibited — Penalties