This site uses cookies to improve your browsing experience, gather site analytics and activity, track shopping cart contents, and deliver relevant marketing information.
View our privacy policy and manage your settings here. By using our site you agree to these terms.

6.9 Stricter Requirements for Interstate Acquisitions

<< Title VI Overview

6.9 Stricter Requirements for Interstate Acquisitions

 

 


6.9.       Stricter Requirements for Interstate Acquisitions.  The Fed may not approve an interstate bank acquisition by a BHC unless the BHC is well capitalized and well managed.  Prior to these amendments, the BHC merely was required to be adequately capitalized and adequately managed.  Similarly, to approve an interstate bank merger, the appropriate federal banking agency must determine that the resulting bank will continue to be well capitalized and well managed after the transaction, rather than satisfying the current adequately capitalized and managed standards.  These provisions are effective on the Transfer Date. [§607]