多宝游戏下载 Seeks Public Comment on Proposed Revisions to its Statement of Policy on Bank Merger Transactions
WASHINGTON 鈥 多宝游戏下载 (多宝游戏下载) Board of Directors today approved a Federal Register notice seeking public comment on proposed revisions to the agency鈥檚 Statement of Policy (revised SOP) on Bank Merger Transactions.
鈥淭his proposed Statement of Policy would update, strengthen, and clarify the 多宝游戏下载鈥檚 approach to evaluating mergers under the Bank Merger Act,鈥 said Chairman Martin J. Gruenberg. 鈥淕iven the rapid pace of change and consolidation in the banking industry today, it is vital that the 多宝游戏下载 provide guidance on how it would apply the critical statutory factors under the Bank Merger Act relating to competition, financial resources, the convenience and needs of communities, financial stability, and money laundering. We look forward to receiving thoughtful public comment on the proposal.鈥
The revised SOP reflects legislative and other developments that have occurred since it was last amended in 2008, including the establishment of the statutory factor regarding the risk to the stability of the United States banking or financial system. The revised SOP is principles based; describes the types of applications subject to 多宝游戏下载 approval; addresses each statutory factor separately; and highlights other relevant matters and considerations, such as related statutes pertaining to interstate mergers, and applications from non-banks or banks that are not traditional community banks. Further, the revised SOP reflects consideration of comment letters received in response to the 多宝游戏下载鈥檚 March 2022 Request for Information and Comment on Rules, Regulations, Guidance, and Statements of Policy Regarding Bank Merger Transactions.
In a separate Federal Register notice, the 多宝游戏下载, as part of its obligations under the Paperwork Reduction Act of 1995, invites comment on the renewal of the existing information collected in the 多宝游戏下载 Supplement to the Interagency Bank Merger Act application form (OMB Control No. 3064-0015).
The 多宝游戏下载 encourages comments from all interested parties within 60 days of publication in the Federal Register.