06 Feb 2024
OCC Requests Comments on Proposed Rulemaking and Policy Statement on Bank Mergers
The Office of the Comptroller of the Currency’s (OCC) recent proposal, released on January 29, 2024, seeks to update the rules for business combinations involving national banks and federal savings associations, and enhance transparency on the agency’s review process for bank mergers under the Bank Merger Act (BMA). As bank combinations and partnerships are set to increase in 2024, practitioners can explore the regulatory framework currently in place under the BMA and gain a comprehensive overview of the federal standards of review and regulatory processes applicable to bank mergers and acquisitions (M&A).
Related Content
- Investments in Banks: Change in Bank Control Act
Gain an understanding of the regulatory requirements around acquiring control, directly or indirectly, of an insured depository institution (IDI). This practice note discusses the Change in Bank Control Act of 1978 and the overall federal legal framework governing acquisitions of banking organizations.
- Insured Depository Institution and Depository Institution Holding Company Mergers and Acquisitions
Acquiring an IDI and their holding companies involves a host of regulatory considerations, including state and federal banking laws, corporation laws, and antitrust considerations. This practice note provides an overview of the federal bank regulatory framework governing M&A for IDIs and depository institution holding companies.
- Regulatory Due Diligence Considerations in U.S. Bank M&A Transactions Checklist
Utilize this checklist outlining key regulatory due diligence considerations specific to M&A transactions in the banking industry. The checklist also provides a brief overview of the risk of uninsured deposits, from a purchaser's due diligence perspective.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Trends & Insights provides the latest in news articles and insights documents on trending areas for financial service organizations.
- Bank Mergers and Acquisitions Resource Kit and In-House Banking and Financial Services Resource Kit provide links to practice notes, checklists, templates, and guidance on key issues, laws, and regulations applicable to in-house lawyers and counsel advising on M&A transactions.
- State Law Comparison Tool (Topic: Financial Institution Regulation)
Access this tool for federal and state-specific guidance and the ability to compare state laws for banking and non-banking financial institutions in the areas of licensing, capital requirements, AML/CFT guidelines, recordkeeping, supervision, and enforcement authority. - For related Practical Guidance content on important recent trends, please review these easy-to-use Resource Kits on a variety of emerging topics:
- Read the new edition of the Practical Guidance Journal for insights on Generative AI cautions and benefits, new trends in private lending, environmental law considerations, and market intelligence analysis.
- Check out our Practical Guidance Author Center! Learn about the 2000+ leading attorney authors contributing to our 26 practice areas, and find out how you can Become a Practical Guidance Author. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+