New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 8 - Banking Development Districts
Section 8.5 - Optional information that may be included in an application to the superintendent for designation of a proposed banking development district

Universal Citation: 3 NY Comp Codes Rules and Regs ยง 8.5

Current through Register Vol. 46, No. 12, March 20, 2024

An application for designation of a banking development district may also (and if the superintendent shall deem such information necessary to a determination, such application shall) include the following:

(a) a narrative description of the population demographics including, but not limited to, the following:

(1) percentage of population age 64 and over;

(2) percentage of population that is non-English speaking;

(3) percentage of population consisting of minorities; and

(4) percentage of population that is disabled;

(b) a narrative description demonstrating coordination of plans for the establishment of the proposed banking development district with other community initiatives;

(c) a narrative description of banking services which are available within the proposed banking development district or a reasonable distance as specified in section 8.4(f)(3) of this Part;

(d) a narrative description of banking services which are not available within the proposed banking development district or a reasonable distance as specified in section 8.4(f)(3) of this Part;

(e) a narrative description of local commercial establishments, including, but not limited to, the number of small, medium, and large businesses located in the proposed banking development district;

(f) a narrative description of significant recent local business developments, including, but not limited to, large corporate restructurings, plant closings, or recent or proposed business openings or expansions; and

(g) indications of community support or opposition for the application, as evidenced by letters from entities such as local chambers of commerce, local businesses, community-based organizations, non-profit organizations, government officials, or community residents.

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