New Jersey Administrative Code
Title 3 - BANKING
Chapter 11 - INVESTMENTS
Subchapter 11 - RESTRICTIONS OF LEEWAY INVESTMENTS
Section 3:11-11.10 - Criteria for approval
Universal Citation: NJ Admin Code 3:11-11.10
Current through Register Vol. 56, No. 18, September 16, 2024
In determining whether to approve or deny any application for prior approval under this subchapter, the Commissioner shall consider the financial and managerial resources and future prospects of the bank and the investment involved, including the financial capability of the bank to make the proposed investment under this subchapter, conflicts of interest, unsafe and unsound banking practices and any other matter the Commissioner deems to be in the public interest.
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