Section 8: Confidentiality of information in any application filed with the board of bank incorporation
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/ma/part-i/title-xxii/chapter-167a/8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 8. A banking institution, a bank holding company, a company or a mutual holding company, as defined in section 1 of chapter 167H, may request that specific information in any application filed with the board of bank incorporation be eligible for confidential treatment. The following information shall be eligible for confidential treatment:
(i)personal information, the release of which would constitute a clearly unwarranted invasion of privacy;
(ii)commercial or financial information, the disclosure of which could result in substantial competitive harm to the submitter; and
(iii)information, the disclosure of which could seriously affect the financial condition of any such banking institution, bank holding company, company or mutual holding company. The board may determine that certain information should be treated as confidential and withhold that information from the public file.
If any such banking institution, bank holding company, company or mutual holding company requests confidential treatment for information that the board determines not to be confidential, the board may include that information in the public file after notifying the banking institution, bank holding company, company or mutual holding company.