Saturday, September 24, 2022

FDIC seeks information on bank mergers

The FDIC released a request for information last week, as it seeks input on bank merger transactions, particularly wanting comments regarding the application of the laws, practices, rules, regulations, guidance and statements of policy that apply to merger transactions involving one or more insured depository institutions, including the merger between an insured depository institution and a non-insured institution.

The FDIC stated significant changes over the past several decades in the banking industry and financial system warrant a review of the regulatory framework. The RFI is intended to help inform the FDIC’s understanding and any potential policymaking in this area.

The FDIC encourages comments from all interested parties within 60 days of publication in the Federal Register.