Rule 2.59.2002 - PERSUASIVE SHOWING OF REASONABLE PUBLIC NECESSITY AND DEMAND(1) In determining whether a reasonable public necessity and demand is established in any case, the department requires that these words be given a meaning which will promote the public interest of the community as a whole in having a sound banking structure, reasonably competitive and adequate for the needs of the community.(2) In making this determination the following are among the factors which the department may consider: (a) the number of mutual associations already serving the area in which the proposed mutual association 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 socioeconomic trends of the area;(g) the adequacy of the services being provided by existing mutual associations compared to the needs of residents and the services to be offered by the proposed mutual association, including a detailed list of banking services that will be offered the community to be served by the new mutual association;(h) the capability of existing mutual associations to handle potential growth of the area;(i) the convenience of the location of existing mutual associations to residents of the area as compared to convenience of the proposed mutual association;(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 mutual association 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 mutual association.Mont. Admin. r. 2.59.2002
NEW, 2022 MAR p. 230, Eff. 2/12/2022AUTH: 32-2-801, MCA; IMP 32-2-801, MCA