🏦Federal Reserve Notice on Bank Holding Companies' Mergers and Acquisitions
The Federal Reserve System issued a notice regarding applications submitted for the formation, acquisition, and merger of bank holding companies. The notice details regulatory requirements, public comment procedures, and specified applications from various financial institutions, highlighting an ongoing commitment to maintaining oversight and transparency in the banking industry.
Learn More🏦FDIC Reinstates Prior Bank Merger Policy for Clarity and Compliance
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.
Learn More🏦Bank Merger Act Rule Restores Expedited Review Process
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.
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