🏦FDIC Reinstates Prior Bank Merger Policy for Clarity and Compliance
Statement of Policy on Bank Merger Transactions
Summary
The FDIC is taking final action to rescind the Statement of Policy on Bank Merger Transactions published in 2024 (2024 Statement of Policy) and reinstate its Statement of Policy on Bank Merger Transactions that was in effect prior to the 2024 Statement of Policy (Bank Merger Statement of Policy). The reinstated Bank Merger Statement of Policy will remain in effect pending the FDIC's review of all aspects of the regulatory framework governing the FDIC's review of 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 rescission of the 2024 Bank Merger Statement of Policy and reinstatement of the prior policy re-establishes clearer guidelines for bank mergers, impacting compliance and regulatory requirements for financial institutions engaging in mergers. This change aims to restore predictability and transparency, which directly affects business strategies and operational planning for bank executives.