15 May 2025
🏦Bank Merger Act Rule Restores Expedited Review Process
Business Combinations Under the Bank Merger Act; Rescission
Summary
The OCC is adopting an interim final rule to restore the streamlined application and expedited review to its procedures for reviewing applications under the Bank Merger Act and rescinding a policy statement that summarized the OCC's review of proposed bank merger transactions under the Bank Merger Act.
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$$ - High
The interim final rule restores expedited application procedures for business combinations under the Bank Merger Act, reducing regulatory burdens on financial institutions. This directly impacts business owners and executives by facilitating mergers and acquisitions, which can drive growth and innovation in the banking sector.