West Virginia § 31A-8B-4 Assessment of the institution's reinvestment in the community

West Virginia Statutes

§ 31A-8B-4 — Assessment of the institution's reinvestment in the community

West Virginia § 31A-8B-4

Ch. 31ABANKS AND BANKING

Art. 8BCOMMUNITY REINVESTMENT ACT

This text of West Virginia § 31A-8B-4 (Assessment of the institution's reinvestment in the community) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 31A-8B-4 (2026).

Text

In connection with its examination or investigation of a banking institution or bank holding company, the commissioner or board shall:

(a)Assess the institution's record of meeting the credit needs of its entire community, including low-and moderate-income neighborhoods, consistent with the safe and sound operation of such institution; and

(b)Take such record into account in its evaluation of an application for a deposit facility or for permission to engage in financially related services by such institution.

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In connection with its examination or investigation of a banking institution or bank holding company, the commissioner or board shall:

(a) Assess the institution's record of meeting the credit needs of its entire community, including low-and moderate-income neighborhoods, consistent with the safe and sound operation of such institution; and

(b) Take such record into account in its evaluation of an application for a deposit facility or for permission to engage in financially related services by such institution.