9-535. Same; approval of application; applicant right to appeal. (a) The commissioner shall approve the application if the commissioner determines that the application favorably meets each and every factor prescribed in K.S.A. 9-534, and amendments thereto, the proposed acquisition is in the interest of the depositors and creditors of the Kansas state chartered bank or bank holding company that has an ownership interest in a Kansas state chartered bank which is the subject of the proposed acquisition and in the public interest generally. Otherwise, the application shall be denied.
(b) If the commissioner denies the application, the applicant shall have the right to a hearing before the state banking board to be conducted in accordance with the Kansas administrative procedure act. The state banking board shall render the board's decision affirming or rescinding the determination of the commissioner. Any action of the state banking board pursuant to this section is subject to review in accordance with the Kansas judicial review act.
History: L. 1991, ch. 45, § 7; L. 1995, ch. 79, § 6; L. 2010, ch. 17, § 25; L. 2012, ch. 83, § 4; L. 2015, ch. 38, § 19; July 1.
Structure Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 5 - Miscellaneous Provisions
9-508 Kansas money transmitter act; definitions.
9-510 Same; engaging in business; locations; licensee requirements.
9-510a Same; authorized charges for transmission.
9-511 Same; inapplicability of act to certain businesses and activities.
9-512 Same; penalties for violations.
9-513 Same; invalidity of part; interpretation of act.
9-513a Same; issuance of license; revocation of license, when.
9-513b Money transmitter; permissible investments; requirements.
9-513c Same; confidential information; release of, when.
9-513d Citation of Kansas money transmitter act; rules and regulations.
9-513e Same; change in executive officers or directors; fingerprinting.
9-519 Bank holding companies; definitions.
9-520 Same; ownership limitations; exceptions.
9-533 Same; application; required information.
9-534 Same; application; approval; factors.
9-535 Same; approval of application; applicant right to appeal.
9-536 Same; subject to change of control provisions.
9-537 Same; review of operations by commissioner; additional information.
9-540 Foreign bank prohibited from having branch bank in state.
9-541 Acquisition of bank by out-of-state bank holding company; age limitation; exceptions.