N.Y. Comp. Codes R. & Regs. tit. 3 § 1.1

Current through Register Vol. 46, No. 43, October 23, 2024

Section 1.1 - General statement

The Banking Board is prepared to charter State banks with or without fiduciary powers, provided:

(a) the proposed bank or trust company will promote in a demonstrable and significant way the convenience and advantage of the public; and (b) the proposed management commands confidence and warrants the belief that the business of the bank or trust company will be honestly and efficiently conducted in accordance with the intent and purpose of the New York Banking Law.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 1.1