West Virginia Code 31A-8B-4 – Assessment of the institution’s reinvestment in the community
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In connection with its examination or investigation of a banking institution or bank holding company, the commissioner or board shall:
Terms Used In West Virginia Code 31A-8B-4
- Board: means the West Virginia Board of Banking and Financial Institutions. See West Virginia Code 31A-1-2
(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.