ARM 2.59.2205. PERSUASIVE SHOWING OF REASONABLE PUBLIC NECESSITY AND DEMAND

(1) In determining whether reasonable public necessity and demand is established, the department must assess the needs of the community as a whole and determine whether the proposed new depository bank will promote the public interest of the community and provide for a safe, sound, and reasonably competitive financial institution. (2) In making this determination the following are among the factors which the department may consider: (a) the number of banks already serving the area in which the proposed bank would locate; (b) the size of the area; (c) the population of the area; (d) the wealth of residents of the area; (e) the commercial and industrial development of the area; (f) the socio-economic trends of the area; (g) the adequacy of the services being provided by existing banks compared to the needs of residents and the services to be offered by the proposed bank, including a detailed list of banking services that will be offered to the community to be served by the new bank; (h) the capability of existing banks to handle potential growth of the area; (i) the convenience of the location of existing banks to residents of the area as compared to the convenience of the proposed bank; (j) the size of financial institutions in the area; (k) the history of financial institutions in the area; (l) an indication of the support the proposed bank could reasonably expect to receive from representative segments of the businesses and residents of the area; and (m) the probability of the success of the proposed bank, including the backgrounds and expertise of management.