- (a) the employment of top management personnel having substantial and satisfactory experience in general commercial bank operations, if the proposed institution will offer significant banking services;
- (b) if a trust company is to be chartered, the employment of top management personnel having substantial and satisfactory experience in fiduciary operations;
- (c) insurance of deposits by the Federal Deposit Insurance Corporation; and
- (d) capital funds of not less than $1.2 million.
To enhance the likelihood of success of a proposed new bank or trust company, the superintendent requires: