A. The superintendent shall not approve an application unless he determines that the proposed transaction contributes to the financial strength and success of the financial institution or institutions concerned, and promotes the convenience and advantage of the public.   [PL 1975, c. 500, §1 (NEW).]

B. Public convenience and advantage shall exist if the superintendent determines, based on all relevant evidence, information and materials, that public benefits, such as increased competition or gains in efficiency, outweigh possible adverse effects, such as decreased or unfair competition, undue concentration of resources, conflicts of interest, or unsafe or unsound practices.   [PL 1975, c. 500, §1 (NEW).]

A. The character, ability and overall sufficiency of the management, including directors, or organizers, corporators and incorporators of a new financial institution;   [PL 1975, c. 500, §1 (NEW).]

B. The adequacy of capital and financial resources of the institution or institutions concerned;   [PL 1975, c. 500, §1 (NEW).]

C. The competitive abilities and future prospects of the institution or institutions concerned;   [PL 1975, c. 500, §1 (NEW).]

D. The convenience and needs of the market area or areas to be served;   [PL 1975, c. 500, §1 (NEW).]

E. The competitive effect of the proposed transaction on the price, availability and quality of services in the market area or areas to be served;   [PL 1975, c. 500, §1 (NEW).]

F. The likely impact of the proposed transaction on other financial institutions in the market area or areas to be served; and   [PL 1975, c. 500, §1 (NEW).]

G. The fairness and equities involved in any merger, consolidation, conversion or acquisition.   [PL 1975, c. 500, §1 (NEW).]