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).

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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.
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