Federal Register #2026-19308

FDIC Proposed Rulemaking to Reform Bank Merger Transactions Under the Bank Merger Act

This opportunity involves the Federal Deposit Insurance Corporation (FDIC) seeking public comment on a proposed rule to reform its procedures for evaluating and processing bank merger transactions under the Bank Merger Act (BMA). - Government Buyer: - Federal Deposit Insurance Corporation (FDIC) - OEMs and Vendors: - No OEMs or vendors are mentioned; this is a regulatory notice only - Products/Services Requested: - No products or services are being procured - Notable Requirements and Details: - The proposed rule would: - Include credit unions and centrally booked deposits in competitive effects analysis - Establish a letter filing process with deemed approval for de minimis merger transactions - Tailor merger filing requirements based on transaction size and risk profile - Limit and clarify FDIC's discretion to remove filings from expedited processing - Codify the FDIC's approach to evaluating statutory factors under the BMA - Modernize the merger review framework to reflect current banking industry competition - No procurement of goods or services is involved; this is strictly a regulatory reform notice

Description

The Federal Deposit Insurance Corporation (FDIC) is inviting comment on a proposed rule that would fundamentally reform important aspects of the FDIC's approach to processing and evaluating merger transactions subject to the Bank Merger Act (BMA). The proposed rule includes reforms such as accounting for credit unions and centrally booked deposits in the initial competitive effects analysis, establishing a letter filing process with deemed approval for de minimis merger transactions, and tailoring merger filing requirements to reduce burden and processing times. It also aims to limit and clarify the FDIC's discretion to remove a filing from expedited processing and codify the FDIC's reformed approach to evaluating statutory factors under the BMA. These revisions seek to improve the speed, certainty, and predictability of the FDIC's bank merger framework, making it more efficient and reflective of the current banking environment.

View original listing