(a) The commissioner by order shall deny an application unless the applicant establishes that:
(1) the acquisition would not:
(A) substantially lessen competition;
(B) restrain trade in a manner that would result in a monopoly; or
(C) further a combination or conspiracy to monopolize or attempt to monopolize the financial industry in any part of this state;
(2) the financial condition of an acquiring party does not jeopardize the financial stability of the savings bank being acquired;
(3) the plan or proposal to liquidate or sell the savings bank or any assets is in the best interest of the savings bank;
(4) the experience, ability, standing, competence, trustworthiness, and integrity of the applicant are sufficient to ensure that the acquisition is in the best interest of the savings bank; and
(5) the savings bank would be solvent, have adequate capital structure, and be in compliance with the law of this state.
(b) The commissioner is not required to deny an application that does not comply with Subsection (a)(1) if the commissioner determines that:
(1) the anticompetitive effects of the acquisition are clearly outweighed in the public interest by the probable effect of the acquisition in meeting the convenience and needs of the community to be served; and
(2) the acquisition does not violate a law of this state or the United States.

(c) Notwithstanding Subsections (a) and (b), the commissioner shall issue an order denying an application if the commissioner determines that the applicant:
(1) has not furnished all information pertinent to the application reasonably requested by the commissioner; or
(2) is not acting in good faith.