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Commission recommends council approve zoning amendment to distinguish private banking from bank branches
Summary
The Commission voted to forward zoning text amendment 24-03 to the council to treat licensed private banking services as professional offices rather than financial‑institution bank branches; staff framed the change as clarification, and a local property principal voiced support.
The Commission voted to recommend approval of zoning text amendment 24‑03, a proposed change to distinguish private banking services from retail bank branches in the town's zoning code.
Will, a staff presenter, told the commission the amendment is intended "to clearly differentiate in our ordinance between retail banking and private banking services" so that private bankers who operate in a manner similar to professional offices would not be forced to register and be regulated as a bank…
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