From Deseret News archives:
Utah agency to study bank plan
Here's what happens locally:
The application will be given a cursory once-over to make sure it is complete. If it passes muster, it will be sent to a senior examiner for an even closer look, according to Edward Leary, commissioner of the Utah department. During this examination period, public portions of the application will be made available, Leary said.
Once the examiner in this case, Darryle Rude completes his review, he will send his findings and recommendations to the commissioner.
From there, Leary said, "I can choose a number of things. I can take additional input. I can hold a public hearing. We can review the application further and look for additional things or approve the application subject to compliance to a number of conditions."
Public hearings have been held on bank applications in the past, Leary said, though not recently.
The average examination period is six months, Leary said.
"A number of industrial banks do offer products or services that are unique to their owners," Leary said.
Target Stores, for example, has an industrial bank in Utah that offers commercial or small-business credit cards to foundations and small businesses that purchase products at Target stores. BMW Bank of North America, also in Salt Lake City, provides credit card services.
Comments
- Should your walls go black? 11:34 a.m.
- Insulation before new windows 11:32 a.m.
- Living with children 11:17 a.m.
- Murder-suicide in West Jordan 11:08 a.m.
- Stand-in for traditional cranberr 11:04 a.m.
- Family physician cuts out middlemen 11:02 a.m.
- Leaders visit southernmost city 10:59 a.m.
- Memo out again tonight for Jazz 10:47 a.m.
- Health care bill faces a crucial vote 10:33 a.m.
- Life requested in Italy murder case 10:06 a.m.
- Mailman's nomination delivered
- 4A: Timpview wins 4th in 4 years
- Can BYU throw vs. Air Force?
- U. professor dies after fall from bus
- Unga's status 'a game-time decision'
- Cougars cruise to victory in Hawaii
- Huntsman blasts media over trip
- TCU still has a chance
- Orem man acquitted in tot's death
- Jazz finally win in San Antonio
- Buttars wants to limit gay rights laws
184 - Palin plans tour stop in Utah
169 - BYU, Utah struck gold in coaches
124 - Lies shatter Utah family
123 - Palin's book shows she's unqualified
115 - Officer cleared in Cardall Taser case
100 - BYU cuts Women's Research Inst.
98 - Jazz finally win in San Antonio
96 - Utes knock off rival Aggies
93 - Huntsman pleased with Obama
86
There's a lot of reason to leave your plastic home as you shop:
I don't pretend to be an expert on global warming. I've met with...
Bingham has two days to savor their victory yesterday, then it's back to...
Huntsman must be eating off them lead painted China plates.
That's right, anon. Keep your head in the sand.
Q. Why are BYU's tv ratings so much higher than Utah's? A. Because BYU fans...
JD parent.
150 lbs line men? hahah, try 300 lbs. d:
I check the Des News comment board about every three weeks and as sure as the...
will permanently besmirch the repuation of the quality of BYU football....
your going to quote Good Will Hunting? and do it to talk trash. LAME....
did you not watch the game? JD had two interceptions called incomplete and...


You can be the first to comment on this story.