Section DFI-SB 17.03 - Filing applications(1) APPLICATION. An application filed under s. DFI-SB 17.02 shall indicate the trust services the savings bank wishes to offer and provide the information necessary to make the determinations under sub. (2).(2) FACTORS CONSIDERED. Factors the division will consider in acting upon an application to exercise trust powers include, but are not limited to, the following: (a) The financial condition of the savings bank, except trust powers may not be granted to a savings bank if its financial condition is such that the savings bank does not meet the financial standards required of state chartered corporate fiduciaries;(b) The needs of the community for fiduciary services and the probable volume of fiduciary business available to the savings bank.(c) The general character and ability of the management of the savings bank;(d) The nature of the supervision to be given to the fiduciary activities, including the qualifications, experience and character of the proposed officers of the trust department; and(e) Whether the savings bank has available legal counsel to advise and pass upon fiduciary matters.Wis. Admin. Code Department of Financial Institutions DFI-SB 17.03
CR Register, February, 1994, No. 458, eff. 3-1-94.This section parallels 12 CFR 550.2 and s. DFI-SL 17.03.