A financial institution that applies to close a branch shall submit the following documentation to the competent authority:1. Application for closing a domestic branch (see Schedule 4).2. A closure plan.3. Minutes of the board of directors' meeting.The closure plan referred to in the preceding paragraph shall include the following particulars:1. Main reasons for closing the branch.2. The distribution of financial institutions (including post offices) in the area surrounding the branch to be closed.3. The opinions expressed by existing customers, and how the rights and obligations of existing customers will be handled, or other alternative service plans.4. The branch's balance sheets, income statements, and business status analysis for the past three years.5. Employee placement plan.