The Federal Deposit Insurance Corporation (FDIC) proposed to strengthen its approach to evaluating bank mergers under the Bank Merger Act, particularly how it would address factors like competition, financial resources, the convenience and needs of communities, financial stability, and money laundering.
The FDIC’s proposed statement of policy notice released Thursday represents the first potential revisions to the agency’s SOP on bank merger transactions since 2008. A public comment period will be open for 60 days after the notice is published in the Federal Register.
