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West Virginia Code Chapter 31A. Banks and Banking § 31A-8B-4. Assessment of the institution's reinvestment in the community

Current as of January 01, 2024 | Updated by Findlaw Staff

In connection with its examination or investigation of a banking institution or bank holding company, the commissioner or board shall:

(a) Assess the institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution; and

(b) Take such record into account in its evaluation of an application for a deposit facility or for permission to engage in financially related services by such institution.

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Cite this article: FindLaw.com - West Virginia Code Chapter 31A. Banks and Banking § 31A-8B-4. Assessment of the institution's reinvestment in the community - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-31a-banks-and-banking/wv-code-sect-31a-8b-4/

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