1. (a) the granting of such powers to the institution will promote the convenience and advantage of the public; and
2. (b) the proposed management of the trust department commands confidence and warrants the belief that the business of such department will be honestly and efficiently conducted in accordance with the intent and purpose of applicable law.

Pursuant to the provisions of section 234-b of the Banking Law, the Superintendent of Financial Services (the “superintendent”) is prepared to authorize a State-chartered savings bank to exercise, through a trust department, any or all of the powers specified in sections 100, 100-a, 100-b and 100-c of the Banking Law, in accordance with applicable law, provided that: