FDIC Statement of Policy on Bank Merger Transactions

Summary:

The FDIC is proposing to rescind the Statement of Policy on Bank Merger Transactions published in 2024 and reinstate its prior Statement of Policy on Bank Merger Transactions, which was in effect prior to the 2024 Statement. 

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

Highlights:

• The FDIC is issuing a proposal to rescind the Statement of Policy on Bank Merger Transactions finalized in 2024 (2024 Statement) and reinstate the Statement of Policy on Bank Merger Transactions that was in effect prior to the 2024 Statement (Merger Policy Statement).
• The FDIC is pursuing this action in light of concerns that implementation of the 2024 Statement has added considerable uncertainty to the merger application process.
• The proposed reissuance of the Merger Policy Statement would be an interim measure while the agency conducts a broader reevaluation of its bank merger review process. 
• The FDIC invites public comment on the proposal to rescind the 2024 Statement and reinstate the Merger Policy Statement. The FDIC plans to issue a future proposal to comprehensively revise its merger policy at a later date, and will solicit further comments at that time.