# 38 Ill. Adm. Code 345.290: Section 345.290 Effect of ILCRA Performance on Applications

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P345_S345_290

## Section

- **Citation:** 38 Ill. Adm. Code 345.290
- **Heading:** Section 345.290 Effect of ILCRA Performance on Applications
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 38 FINANCIAL INSTITUTIONS / CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION / Part 345 BANK COMMUNITY REINVESTMENT / Section 345.290 Effect of ILCRA Performance on Applications

## Text

Section
345.290  Effect of ILCRA Performance on Applications
a)         ILCRA performance.  Among other factors, the Secretary
takes into account the record of performance under the ILCRA of each applicant
bank in considering an application for approval of:
1)         The relocation of the bank's main office or a
branch, but only when express prior approval is otherwise required under
applicable State law or administrative rule; and
2)         The merger, consolidation, acquisition of
assets, or assumption of liabilities.
b)         New financial institutions.  A newly chartered
bank shall submit with its application for a permit to organize a description
of how it will meet its ILCRA objectives. The Secretary takes the description
into account in considering the application and may deny or condition approval
on that basis.
c)         Interested parties.  The Secretary takes into
account any views submitted by interested parties in accordance with the public
notice posted pursuant to Section 35-20 of ILCRA.
d)         Denial or conditional approval of application.
A bank's record of performance may be the basis for denying or conditioning
approval of an application listed in subsection (a).

## Nearby sections

- [38 Ill. Adm. Code 345.200 Section 345.200  Assessment Factors](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P345_S345_200.md)
- [38 Ill. Adm. Code 345.210 Section 345.210  Performance Tests, Standards, and Ratings, in General](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P345_S345_210.md)
- [38 Ill. Adm. Code 345.220 Section 345.220  Lending Test](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P345_S345_220.md)
- [38 Ill. Adm. Code 345.230 Section 345.230  Investment Test](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P345_S345_230.md)
- [38 Ill. Adm. Code 345.240 Section 345.240  Service Test](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P345_S345_240.md)
- [38 Ill. Adm. Code 345.260 Section 345.260  Small Bank Performance Standards](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P345_S345_260.md)
- [38 Ill. Adm. Code 345.290 Section 345.290  Effect of ILCRA Performance on Applications](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P345_S345_290.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T38_P345_S345_290. Check the current official text before relying on it. Not legal advice.