Tennessee Code Title 45. Banks and Financial Institutions § 45-5-201

(1) Demonstrate experience, character and general fitness to command the confidence of the public and warrant the belief that the business to be operated will be operated lawfully and fairly;

(2) If a natural person or a partnership, have a net worth of at least twenty-five thousand dollars ($25,000) for each office or place of business to be registered;

(3) If a corporation, be either:

(4) Whether foreign or domestic, have a total stated capital and surplus of at least twenty-five thousand dollars ($25,000) for each certificate of registration.

(1) Demonstrate experience, character and general fitness as to command the confidence of the public and warrant the belief that the business to be operated will be operated lawfully and fairly;

(2) Have a capital structure in accordance with § 45-5-603;

(3) Be organized under the Tennessee Business Corporation Act to transact business as an industrial bank or industrial investment company, as the case may be;

(4) Have a name that does not include the word “bank” or any word deceptively similar thereto; and

(5) Comply with the requirements of part 6 of this chapter.