🏦FDIC Proposes Rescission of Bank Merger Policy
Statement of Policy on Bank Merger Transactions
Summary
The FDIC is requesting public comment on a proposal to rescind the Statement of Policy on Bank Merger Transactions published in 2024 and reinstate its prior Statement of Policy on Bank Merger Transactions. The FDIC expects to request comment on all aspects of the regulatory framework governing the FDIC's review of bank merger transactions in connection with a future proposal to comprehensively revise its merger policy.
Agencies
- Federal Deposit Insurance Corporation
Business Impact
$$$ - High
The FDIC's proposed rescission of the 2024 Statement of Policy on Bank Merger Transactions indicates a regulatory shift that may ease the merger application process for banks. This restoration of the previous policy is aimed at reducing uncertainty in merger transactions, significantly impacting how businesses navigate mergers and acquisitions in the banking industry.