09/17/2024 | Press release | Distributed by Public on 09/17/2024 13:16
Summary
On September 17, 2024, the FDIC Board of Directors approved a final Statement of Policy on Bank Merger Transactions (Final SOP). The Final SOP communicates the Board's expectations for merger transactions subject to FDIC approval, including the analytical considerations that go into evaluating each statutory factor in a forward-looking manner. The Final SOP supersedes the prior Statement of Policy on Bank Merger Transactions 30 days after publication in the Federal Register.
Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-insured financial institutions.
Highlights:
The Final SOP:
of bank merger transactions.