(a) There is hereby created a banking development district program, the purpose of which is to encourage the establishment of banking branches for banking services in geographic locations where there are the greatest underbanked and unbanked populations. The Department shall, in consultation with the State Treasurer, adopt rules in accordance with the Illinois Administrative Procedure Act that set forth the criteria for the establishment of banking development districts.
     (b) The criteria for the establishment of banking development districts shall include, but not be limited to, the following:

Terms Used In Illinois Compiled Statutes 205 ILCS 745/10

  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

         (1) the location, number, and proximity of sites
    
where banking services are available within the district;
        (2) the identification of unmet consumer needs for
    
banking services within the district;
        (3) the economic viability and unmet local credit
    
needs of the community within the district;
        (4) the existing commercial development within the
    
district;
        (5) the impact that additional banking services
    
would have on potential economic development in the district; and
        (6) any other criteria that the Secretary, in
    
consultation with the State Treasurer, deems appropriate.
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