JD Supra: Mergers

JANUARY 29, 2024

The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024. Yet, the law around these transactions remains somewhat unsettled and the path to regulatory approval is often not clear.

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Banking Bank Acquisitions 265

JD Supra: Mergers

FEBRUARY 8, 2024

On January 29, the Office of the Comptroller of the Currency (OCC) issued a Notice of Proposed Rulemaking for Business Combinations Under the Bank Merger Act.

Mergers 182

Mergers Banking Bank Business 182

JD Supra: Mergers

MAY 17, 2024

Bank for International Settlements. On April 30, 2024, Bank of International Settlements issued updated guidance on counterparty credit risk management. Credit risk management. By: Davis Wright Tremaine LLP

Banking 187

Banking Bank Risk Management Management 187

JD Supra: Mergers

MARCH 22, 2024

Today, a divided Federal Deposit Insurance Corporation’s (FDIC) Board of Directors issued a proposed Statement of Policy (SOP) on bank merger transactions that would create a combined bank with more than $100 billion in assets. By: Troutman Pepper

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Mergers Banking Bank Insurance 172

JD Supra: Mergers

SEPTEMBER 26, 2024

17, 2024, the Federal Deposit Insurance Corporation (FDIC) Board met to finalize an updated approach to increase scrutiny of bank mergers, particularly those that would result in a bank with over $100 billion in assets. These moves by regulators signal a new whole-of-government approach to competition in the banking sector.

Mergers 172

Mergers Banking Bank Insurance 172

JD Supra: Mergers

OCTOBER 3, 2024

On September 17, 2024, the Antitrust Division of the United States Department of Justice (the “DOJ”) announced that it withdrew its 1995 Bank Merger Guidelines and instead, for purposes of evaluating the competitive impact of bank mergers, will rely on its 2023 Merger Guidelines, which apply to all industries.

Mergers 177

Mergers Banking Bank M&A 177

JD Supra: Mergers

OCTOBER 4, 2024

Governments play a pivotal role in European bank M&A: State coffers play significant roles. . Governments play a pivotal role in European bank M&A: State coffers play significant roles. By: White & Case LLP

Banking 187

Banking Bank M&A Financial Services 187

JD Supra: Mergers

AUGUST 12, 2024

The FDIC is seeking comment on proposed changes to its regulation governing parent companies of industrial banks and industrial loan companies—Part 354 of the FDIC Rules and Regulations. By: Ballard Spahr LLP

Banking 182

Banking Bank Government IT 182

JD Supra: Mergers

SEPTEMBER 26, 2024

The FDIC, the OCC and the Justice Department earlier this month issued updated standards for bank mergers. The three agencies acted separately, although officials noted that they had worked with the other agencies involved. By: Ballard Spahr LLP

Mergers 187

Mergers Banking Bank 187

JD Supra: Mergers

SEPTEMBER 23, 2024

The Office of the Comptroller of the Currency (OCC) released guidance regarding its planned changes to the Bank Merger Act (BMA). The New Rule: Explicitly adds financial stability as a key factor for assessing mergers, reflecting the growing concerns about potential risks from mergers involving large or systemically important banks.

Mergers 167

Mergers Banking Bank IT 167

JD Supra: Mergers

APRIL 11, 2024

On March 21, 2024, the Federal Deposit Insurance Corporation (“FDIC”) approved a Federal Register notice seeking public comment on its proposal to revise its current Statement of Policy on Bank Merger Transactions. By: Seyfarth Shaw LLP

Mergers 172

Mergers Banking Bank Insurance 172

JD Supra: Mergers

SEPTEMBER 23, 2024

On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) issued formal statements of policy on reviewing transactions under the Bank Merger Act (BMA).

Mergers 167

Mergers Banking Bank Insurance 167

JD Supra: Mergers

SEPTEMBER 19, 2024

Yesterday, both the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) finalized new guidelines regarding bank mergers. According to the agencies, these updates aim to enhance transparency and provide clearer guidance on the evaluation of merger applications under the Bank Merger Act (BMA).

Mergers 172

Mergers Banking Bank Insurance 172

JD Supra: Mergers

OCTOBER 22, 2024

The House of Commons has published a written statement by Tulip Siddiq, Economic Secretary to HM Treasury, on the status of reforms to the bank ring-fencing regime. banking sector and support economic growth, while maintaining financial stability. Ms Siddiq states that the U.K.

Banking 172

Banking Bank Economics Government 172

JD Supra: Mergers

OCTOBER 18, 2024

Regulators seek to provide clarity and transparency on the bank merger review process, but changes may increase application complexity and unpredictability. By: Latham & Watkins LLP

Mergers 167

Mergers Banking Bank Insurance 167

JD Supra: Mergers

MAY 1, 2024

and the Office of the Comptroller of the Currency recently announced proposals to update their approaches to evaluating bank mergers and other business combinations under the Bank Merger Act. The Federal Deposit Insurance Corp. Originally published by Law360 - April 26, 2024. By: WilmerHale

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Mergers Banking Bank Insurance 161

Global Banking & Finance

SEPTEMBER 11, 2024

LONDON (Reuters) – German bank shares were among the worst performing European equities on Tuesday, as a selloff in U.S. Deutsche Bank shares closed down 4.9%. lenders following downbeat comments from the boss of Goldman Sachs rippled through European markets.

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Banking Bank Shares Equities 143

JD Supra: Mergers

FEBRUARY 15, 2024

The Situation: On January 29, 2024, the Office of the Comptroller of the Currency ("OCC") requested comment on a proposed rule updating its bank merger rules and incorporating a policy statement (the "Proposal") on agency review of merger applications. By: Jones Day

Mergers 161

Mergers Banking Bank IT 161

The New York Times: Banking

APRIL 26, 2024

The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.

Banking 144

Banking Bank IT Insurance 144

JD Supra: Mergers

OCTOBER 4, 2024

On September 17, 2024, the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) issued final “statements of policy” for transactions subject to the Bank Merger Act (“BMA”). By: Paul Hastings LLP

Mergers 167

Mergers Banking Bank Insurance 167

JD Supra: Mergers

AUGUST 12, 2024

The board of directors of the Federal Deposit Insurance Corporation (“FDIC”) recently proposed a rule change that would reassert its now-dormant authority to review changes in bank control involving bank holding companies. By: Cadwalader, Wickersham & Taft LLP

Banking 172

Banking Bank Insurance Corporation 172

JD Supra: Mergers

FEBRUARY 8, 2024

On January 29, 2024, the OCC issued a proposed policy statement[1] describing the general principles it uses to evaluate applications for approval of transactions under the Bank Merger Act (“BMA”), principally bank mergers, consolidations, and deposit assumptions (“Business Combinations”). By: Morrison & Foerster LLP

Mergers 167

Mergers Banking Bank Business 167

JD Supra: Mergers

AUGUST 9, 2024

On July 30, 2024, the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved a Notice of Proposed Rulemaking to amend the agency’s regulations under the Change in Bank Control Act (the Proposal). By: Latham & Watkins LLP

Banking 182

Banking Bank Asset Management Insurance 182

JD Supra: Mergers

OCTOBER 2, 2024

On September 17, the FDIC Board approved its Final Statement of Policy on Bank Merger Transactions (SOP), updating the guidelines for evaluating bank mergers. The FDIC’s final SOP addressed the scope of transactions requiring the FDIC’s approval, the process for evaluating merger applications, and the principles.

Mergers 161

Mergers Banking Bank IT 161

JD Supra: Mergers

SEPTEMBER 23, 2024

On September 17, the OCC approved a final rule amending its procedures for reviewing applications under the Bank Merger Act. The rule will aim to provide clearer guidelines for institutions regarding the OCC’s review process for bank mergers and ensure institutions remain relevant in the current financial landscape.

Mergers 149

Mergers Banking Bank IT 149

The New York Times: Banking

JUNE 24, 2024

Some banks are trying to avoid that fate. If landlords can’t pay back loans on office buildings, the lenders will suffer.

Banking 145

Banking Bank Financial Institution 145

JD Supra: Mergers

FEBRUARY 26, 2024

Office of the Comptroller of Currency (OCC) released a notice of proposed rulemaking (NPR) seeking to “increase the transparency of the standards that apply to the agency’s review of business combinations involving national banks and Federal savings associations.” By: Proskauer - Regulatory & Compliance

Mergers 155

Mergers Banking Bank Business 155

The New York Times: Banking

JULY 30, 2024

The closely watched move by the Bank of Japan could bolster the country’s beleaguered currency.

Banking 144

Banking Bank Financial Institution Stock 144

JD Supra: Mergers

SEPTEMBER 30, 2024

Department of Justice (DOJ) have coordinated the release of new policies that will govern each agency’s consideration of bank merger transactions. For example, the two banking agencies’ policy.

Banking 130

Banking Bank Mergers Government 130

JD Supra: Mergers

SEPTEMBER 25, 2024

On September 17, 2024, the Department of Justice Antitrust Division (DOJ) shut the vault doors on its 1995 Bank Merger Guidelines, leaving the 2023 Merger Guidelines as its sole authoritative statement on the topic of mergers across all industries. By: BakerHostetler

Mergers 167

Mergers Banking Bank IT 167

JD Supra: Mergers

MAY 1, 2024

The FDIC proposed revisions last month to its existing policy on how it evaluates merger transactions that require the FDIC's approval under the Bank Merger Act (BMA). By: Venable LLP

Mergers 167

Mergers Banking Bank IT 167

JD Supra: Mergers

APRIL 1, 2024

On March 21, the FDIC issued a request for comment on its proposed Statement of Policy (SOP) on bank merger transactions, which will aim to update, strengthen, and clarify the FDIC’s approach to bank merger evaluation. The new SOP will replace the FDIC’s current SOP on its responsibilities under the Bank Merger Act (BMA) or.

Mergers 172

Mergers Banking Bank IT 172

JD Supra: Mergers

AUGUST 29, 2024

On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking (NPR) that would expand the FDIC’s role under the Change in Bank Control Act of 1978 (CBCA).

Banking 172

Banking Bank Insurance Asset Management 172

JD Supra: Mergers

APRIL 5, 2024

On March 21, the Federal Deposit Insurance Corporation (FDIC) published for comment a proposal (Proposal) to revise its Statement of Policy on Bank Merger Transactions (SOP). If adopted as proposed, the Proposal would modify the SOP substantially, effectively creating an entirely new policy.

Mergers 161

Mergers Banking Bank Insurance 161

TechCrunch: M&A

MAY 15, 2023

Binance is banking big on M&A and VC deals by Jacquelyn Melinek originally published on TechCrunch At this point we have probably over 200 portfolio companies on every continent other than Antarctica. We also have incubation, not just sort of direct investments.

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M&A Banking Bank Portfolio 238

The New York Times: Banking

SEPTEMBER 12, 2024

percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy. The reduction, to 3.5 percent from 3.75

Banking 142

Banking Bank Financial Institution Economics 142

JD Supra: Mergers

APRIL 22, 2024

On April 10, the OCC announced a notice published in the Federal Register extending the comment period for the OCC’s proposed rule on bank mergers. The NPRM titled, “Business Combinations under the Bank Merger Act,” was originally published on February 14. By: Orrick, Herrington & Sutcliffe LLP

Mergers 149

Mergers Banking Bank Business 149