Sec. 1. 9-B MRSA §131, sub-§12-B, as enacted by PL 1995, c. 628, §5, is repealed and the following enacted in its place:

12-B.__Deposit production offices.__"Deposit production offices" means the Maine offices operated by an individual financial institution authorized to do business in this State or individual credit union authorized to do business in this State that do not reasonably help meet the credit needs of Maine communities.__For purposes of this subsection, "deposits" includes credit union share accounts.

Sec. 2. 9-B MRSA §232, sub-§1, ¶¶B and C, as amended by PL 1997, c. 660, Pt. A, §3, are further amended to read:

B. By reason of the violation, practice or breach of fiduciary duty described in paragraph A:

(1) The financial institution or financial institution holding company has suffered or will probably suffer financial loss or other damage;

(2) The interests of the financial institution's depositors or creditors or the public have been or could be prejudiced; or

(3) The officer or director has received financial gain or other benefit by reason of the violation, practice or breach of fiduciary duty; and

C. The violation, practice or breach of fiduciary duty described in paragraph A involves personal dishonesty on the part of the officer or director or demonstrates willful or continuing disregard by the officer or director for the safety or soundness of the financial institution or financial institution holding company;.

Sec. 3. 9-B MRSA §232, sub-§1, ¶D, as amended by PL 1997, c. 660, Pt. A, §3, is repealed.

Sec. 4. 9-B MRSA §232, sub-§1, ¶E, as enacted by PL 1997, c. 660, Pt. A, §4, is repealed.

Sec. 5. 9-B MRSA §232, sub-§1-A is enacted to read:

1-A.__Additional grounds for removal.__The superintendent may serve written notice of intent to remove an officer or director from office or to prohibit further participation by the