E-News 3-22-24
FEDERAL GOVERNMENT RELATIONS
FDIC Proposes to Expand Criteria for Bank Merger Evaluations
The Federal Deposit Insurance Corp. board Thursday voted 3-2 to pursue potential changes to how the agency will evaluate bank merger applications, including broadening the number of competitive factors it will take into consideration when deciding whether to approve or deny applications, and requiring a “thorough accounting” of the potential effects on communities, including possible branch closures or relocations.
The FDIC last updated its policy statement on bank mergers in 2008....