The department may revoke the license of a Georgia state branch or Georgia state agency if the department by examination or other credible evidence finds that the foreign bank:

(1) Does not currently meet the criteria established by this article for the original issuance of a license;

(2) Has refused to permit the department to examine its books, papers, accounts, records, or affairs in accordance with Code Sections 7-1-1102 and 7-1-1103;

(3) Has failed to make a report required under this article or made a material false or misleading statement in such report;

(4) Has violated this article, another law or rule applicable to a foreign bank or a Georgia state branch or Georgia state agency, or a final and enforceable order of the department;

(5) Has misrepresented or concealed a material fact in the application for licensure;

(6) Has violated a condition of its license or an agreement between the foreign bank and the department or other functional regulatory agency;

(7) Has had its authorization to act dissolved, revoked, or otherwise terminated in its jurisdiction of incorporation or jurisdiction where it is operating a branch, agency, or representative office;

(8) One or more grounds for receivership, including insolvency, as specified in Code Section 7-1-1129, exists; or

(9) Conducts business in an unsafe and unsound manner.