Sec. 06.05.310. Correction of impairment of capital.

116 words·~1 min read·/ak/title-6/chapter-5/06-05-310

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If the department determines that the order is necessary for the protection of depositors, the department may issue an order under AS 06.01.030 to require a state bank to increase its capital accounts or to reduce its deposits. In making a decision whether to issue an order under this section, the department shall consider the

(1)quality of management;

(2)quality and liquidity of assets;

(3)history of earnings and retention of earnings;

(4)quality and character of ownership;

(5)potential volatility of deposit structure;

(6)quality and cost of bank operations; and

(7)capacity to meet present and future needs of the area served, considering the bank's competition.