Sec. 35-30. Corporate activities and renewal applications.
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/il/chapter-205/act-735/35-30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 35-30. Corporate activities and renewal applications. In considering an application for the establishment of a branch, office, or other facility, the relocation of a main office, branch, office, or other facility, a license renewal, change in control of a covered financial institution, or a merger or consolidation with or the acquisition of assets or assumption of liabilities of any covered financial institution, out-of-state bank, credit union, or residential mortgage licensee, national bank or credit union, or foreign financial institution, the Secretary shall consider, but not be limited to, the record of performance of the covered financial institution and its parent company, including all subsidiaries thereof, relative to this Act.
The record of performance of the covered financial institution may be the basis for the denial of any such application.