(b) In addition to any other facts or circumstances deemed proper, the Department, in passing upon an application to exercise trust powers, will give consideration to:

1. (1) the financial condition of the association;
2. (2) the needs of the community for fiduciary services and the probable volume of such fiduciary business available to the association;
3. (3) the general character and ability of the management of the association;
4. (4) the nature of the supervision to be given to the fiduciary activities, including the qualifications, experience and character of the proposed officer or officers of the trust department; and
5. (5) whether the association has available legal counsel to advise and pass upon fiduciary matters wherever necessary.