Type:Proposed Rule
Citation:90 FR 11679
Reading Time:about 21 minutes
The Federal Deposit Insurance Corporation (FDIC) is proposing to rescind its 2024 Statement of Policy on Bank Merger Transactions and return to its previous policy. The change comes after concerns that the 2024 policy created uncertainty and confusion around the merger process for banks. The FDIC is seeking public comments on this proposal by April 10, 2025. They plan to review all aspects of their merger policy in the future and request additional comments at that time.
Simple Explanation
The FDIC, which helps keep banks safe, wants to change back to an older way of handling bank mergers because the new way was confusing. They are asking people what they think about this change until April 10, 2025.