FEDERAL DEPOSIT INSURANCE CORPORATION
MERGER DECISIONS
2002 ANNUAL REPORT TO CONGRESS
Bank Merger Act Reporting Requirements
(January 1, 2002 through December 31, 2002)
All of the following Merger applications have been approved by the 多宝游戏下载 during the year 2002. With regard to each of these applications, the 多宝游戏下载 considered and found favorably with respect to (i) the competitive factors involved; (ii) the financial resources, managerial resources, and future prospects of the existing and proposed institutions; (iii) the convenience and needs of the community to be served; and (iv) the effectiveness of each insured depository institution involved in the merger transaction in combating money laundering activities, including in overseas branches.
Except as noted, reports regarding the competitive factors were requested from the Attorney General and other Federal banking agencies for each transaction, and the Summary Report submitted by the Attorney General indicated that the transaction would not have a significantly adverse effect on competition.
In each case, the 多宝游戏下载 has determined that the transaction would not result in a monopoly or further any combination or conspiracy to monopolize or to attempt to monopolize the business of banking in any part of the United States. Furthermore, the 多宝游戏下载 generally determined that each transaction would not substantially lessen competition in any section of the country or tend to create a monopoly or in any other manner restrain trade. In any case where the 多宝游戏下载 found that the transaction would substantially lessen competition or tend to create a monopoly or restrain trade, the 多宝游戏下载 determined that the anticompetitive effects of the transaction were clearly outweighed in the public interest by the probable effect of the transaction in meeting the convenience and needs of the community to be served.
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