1. (a) A “healthy bank” is defined as an institution meeting all of the following criteria:

   1. (1) Received a composite rating of 1 or 2 under the Uniform Financial Institutions Rating System (CAMELS) as a result of its most recent commercial bank examination;
   2. (2) Received a satisfactory or better Community Reinvestment Act rating from its primary federal regulator at its most recent examination;
   3. (3) Received a compliance rating of 1 or 2 from its primary federal regulator at its most recent examination;
   4. (4) Is well capitalized as defined in the appropriate capital rule and guidance of the institution’s primary federal regulator;
   5. (5) Is not subject to a cease and desist order, consent order, prompt corrective action directive, written agreement, memorandum of understanding, or board resolution with its primary federal regulator or chartering authority; and
   6. (6) Have no major unresolved supervisory issues outstanding or other significant concerns (as determined by the Bank Commissioner).

2. (b)

   1. (1) Only a healthy bank is eligible to file an expedited branch application.
   2. (2) If any one (1) of the listed criteria is not met, a standard branch application must be filed.

Codification Notes: This section was promulgated as Section 48-701 of the State Bank Department Rules prior to codification into the Code of Arkansas Rules. This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "(Reference A.C.A. § 23-48-701)"