WILLIAM DONALD SCHAEFER, Governor Ch. 662

(ii) The future prospects of the Maryland bank,
Maryland bank holding company, or Maryland subsidiary of an
out-of-state bank holding company that will be acquired;

(iii) The financial history and future
prospects of the out-of-state bank holding company;

(iv) Whether the acquisition may result in an
undue concentration of resources or substantial reduction of
competition in this State; and

(v) Initial capital investments, loan policy,
investment policy, dividend policy, and the general plan of
business, including the amount and cost of consumer and business
services to be offered.

(5) When considering loan policy and the general plan
of business under paragraph (4)(v) of this subsection, the
Commissioner shall:

(i) Consider specific steps that will be taken
to meet the credit needs of small businesses and individuals in
the community to be served, including low and moderate, income
residents consistent with safe and sound operation of the
institution; and

(ii) Assess the record, if any, of the
applicant in meeting the credit needs of the communities served
in the past, including small businesses in the community served
and low and moderate income residents, consistent with the safe
and sound operation of the institution.

(F) (1) EVERY 6 MONTHS, AN OUT-OF-STATE BANK HOLDING

COMPANY THAT MAKES AN ACQUISITION UNDER THIS SECTION SHALL
ANNUALLY SUBMIT A WRITTEN REPORT TO THE COMMISSIONER THAT
SPECIFIES THE STEPS TAKEN TO MEET THE CREDIT NEEDS OF SMALL
BUSINESSES AND INDIVIDUALS IN THE COMMUNITY SERVED, INCLUDING LOW
AND MODERATE INCOME RESIDENTS:

(1) SPECIFIES THE STEPS TAKEN TO:

(I) MEET THE CREDIT NEEDS OF SMALL BUSINESSES,
INCLUDING MINORITY OWNED AND WOMEN OWNED SMALL BUSINESSES;

(II) MEET THE CREDIT NEEDS OF FARM OWNERS, IF
ANY, LOCATED WITHIN THE COMMUNITY SERVED BY THE BANK; AND

(III) MEET THE CREDIT NEEDS OF LOW AND MODERATE
INCOME FAMILIES AND INDIVIDUALS WHO RESIDE IN THE COMMUNITY
SERVED BY THE BANK; AND

(IV) PARTICIPATE

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