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DRAFT OMB No. for FDIC 3064-0015 Expires July 31 2008 OMB No. for FRB 7100-0171 Expires August 31 2008 OMB No. for OCC 1557-0014 Expires November 30 2007 INTERAGENCY BANK MERGER ACT APPLICATION Public reporting burden for this collection of information is estimated to average 30 and 18 hours for nonaffiliate and affiliate transactions respectively including the time to gather and maintain data in the required form to review instructions and to co.

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Related content

Interagency Bank Merger Act Application - FDIC
OMB No. for FDIC 3064-0015; Expiration Date: October 31, 2020. OMB No. for FRBfor FRB...
Learn more
INTERAGENCY BANK MERGER ACT APPLICATION General...
OMB No. for FDIC 3064-0015 Expires July 31, 2008. OMB No. for FRB 7100-0171 Expires...
Learn more

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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)).

Federal Deposit Insurance Corporation (FDIC): The federal corporation chartered by Congress in 1933 to promote confidence in the nation's banking system by establishing a federal deposit insurance program and by acting as the primary federal bank regulator of state chartered banks that are not members of the Federal ...

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, ...

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.

The bill required prior approval of the federal banking agencies before an insured bank could merge or consoli- date with any other insured bank or directly or indirectly acquire its assets or assume liability to pay its deposits.

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.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232