What is required by the bank merger Act?

Section 18(c) of the Federal Deposit Insurance (FDI) Act, also referred to as the Bank Merger Act (BMA), requires the prior written approval of the FDIC before any insured depository institution (IDI) may merge or consolidate with, purchase or otherwise acquire the assets of, or assume any deposit liabilities of, ...

What approvals does the FDIC require for bank merger Act?

The FDIC governs mergers under the Bank Mergers Act. 16,17 This requires the prior written approval of the FDIC before any insured depository institution may engage in a merger. To consent to a merger, the FDIC must consider three factors: Financial stability; the public interest; and managerial considerations.

What is the bank merger Review Act?

The legislation requires regulators to examine how the merger would impact market concentration for individual banking products, such as commercial deposits, home mortgage lending, and small business lending rather than just the general availability of banking products in local markets.

What is the bank merger rule?

The Bank Merger Act requires that mergers between depository institutions be subject to the prior approval of the primary federal regulator of the resulting institution (12 USC 1828(c)).

Does the FDIC approve bank mergers?

The FDIC governs mergers under the Bank Mergers Act. 16,17 This requires the prior written approval of the FDIC before any insured depository institution may engage in a merger. To consent to a merger, the FDIC must consider three factors: Financial stability; the public interest; and managerial considerations.

Who approves mergers between banks?

The federal banking agency (the Comptroller of the Currency, Federal Deposit Insurance Corp., or Federal Reserve) that is the primary regulator of the acquiring or surviving insured depository institution approves the merger under the Bank Merger Act.

What four main factors determine whether a bank merger or acquisition will be allowed?

The Bank Merger Act and its companion statute, the Bank Holding Company Act, direct the federal banking agencies to consider four main factors when evaluating a proposed merger: (1) the proposal's potential anticompetitive effects, (2) possible risks to financial stability, (3) the transaction's probable effect on the ...

What happens when 2 banks merge?

The smaller bank becomes part of the larger bank and ceases to operate independently. Depending on the terms of the deal, the bank might keep its original name, or it could be absorbed within the larger bank. A bank might decide to acquire another bank to expand its business reach and improve its market share.

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Interagency Bank Merger Act Application

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This section supplements question 12 of the Interagency Bank Merger Act Application for transactions between nonaffiliated parties. 1815 a the FDIC will consider the factors enumerated in section 6 of the FDIA 12 U.S.C. 1816. If applying for deposit insurance under section 5 a check the appropriate boxes on the top of Page 1 of this form and include with this application any additional relevant information. ii Establishment of Branches and Branch.

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