§ 1150
143 words·~1 min read·
/ca/financial-code/1150A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In determining for purposes of this division whether the shareholders’ equity of a bank or of a proposed bank is adequate, the commissioner shall consider:
(a)The nature and volume of the business of the bank;
(b)The amount, nature, quality, and liquidity of the assets of the bank;
(c)The amount and nature of the liabilities (including, but not limited to, any capital notes or debentures and any contingent liabilities) of the bank;
(d)The amount and nature of the fixed charges of the bank;
(e)The history of, and prospects for, the bank to earn and retain income;
(f)The quality of the operations of the bank;
(g)The quality of the management of the bank;
(h)The nature and quality of the ownership of the bank; and
(i)Such other factors as are in the opinion of the commissioner relevant.