WASHINGTON, Sept. 22 -- Federal Deposit Insurance Corporation has issued a proposed rule called: Merger Transactions.
The proposed rule was published in the Federal Register on Sept. 22 by Hanoi Veras, Executive Secretary.
Summary: The Federal Deposit Insurance Corporation (FDIC) is inviting comment on a proposed rule that would fundamentally reform important aspects of the FDIC's approach to processing and evaluating merger transactions subject to the Bank Merger Act (BMA). Notable reforms under the proposed rule would include: accounting for credit unions and centrally booked deposits in the initial competitive effects analysis; establishing a letter filing process with "deemed approval" for " de minimismerger transactions; " tailoring ...