(a) A savings bank may exercise trust powers only with the commissioner's prior written approval.
(b) The commissioner may approve the exercise of trust powers only after finding that the applicant's savings bank:
(1) is complying with applicable regulatory capital requirements;
(2) is well managed; and
(3) has earnings, resources, and managerial talent adequate to maintain a trust department.
Official text of the Texas Finance Code as published by the Texas Legislative Council.