The Commissioner: Shall review an application for conversion to a commercial bank; Shall determine: Whether the plan is fair to the stockholders of the converting association and the general public; That insurance of the savings accounts will remain in effect after the conversion; That, after conversion, the commercial bank will be in sound financial condition and will be soundly managed; That conversion will not impair the capital of the association nor adversely affect the association’s operations; and That no person, member, employee, or otherwise will receive any inequitable gain or advantage by reason of the conversion; May require any changes that are necessary to ensure full disclosure of all material facts; May not issue a certificate of authority to commence business to a commercial bank unless all the requirements of this article governing a commercial bank have been met; May modify the initial capitalization requirements of the commercial bank if the Commissioner determines that a modification is: Reasonably required to protect the welfare of the commercial bank; and Not detrimental to the public interest or to the commercial bank; and May adopt regulations to carry out the provisions of this part.