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Financial Institution Letter

Proposed Revisions to the Statement of Policy on Bank Merger Transactions

Summary:

The FDIC Board of Directors has proposed revisions to the Statement of Policy (revised SOP) on Bank Merger Transactions. The revised SOP is being published in the Federal Register for public comment.

Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-insured financial institutions.

Highlights:

The revised SOP:

In a separate Federal Register notice, the FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites comment on the renewal of the existing information collected in the FDIC Supplement to the Interagency Bank Merger Act application form (OMB Control No. 3064-0015).

FIL-11-2024
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Last Updated: March 21, 2024