Expedited action for certain bank acquisitions by well-run bank holding companies.

CFR · 2024-01-01 · US · Title 12

(a) (i) A certification that all of the criteria in paragraph (c) of this section are met; (ii) A description of the transaction that includes identification of the companies and insured depository institutions involved in the transaction (iii) A description of the effect of the transaction on the convenience and needs of the communities to be served and of the actions being taken by the bank holding company to improve the CRA performance of any insured depository institution subsidiary that does not have at least a satisfactory CRA performance rating at the time of the transaction; (iv) Evidence that notice of the proposal has been published in accordance with § 225.16(b)(1); (v)(A) If the bank holding company is not a qualifying community banking organization (as defined in § 217.12 of this chapter) that is subject to the community bank leverage ratio framework (as defined in § 217.12 of this chapter), and: ( ( (B) If the bank holding company is a qualifying community banking organization (as defined in § 217.12 of this chapter) that is subject to the community bank leverage ratio framework (as defined in § 217.12 of this chapter), an abbreviated consolidated (vi) If the bank holding company has consolidated assets of less than $300 million, a list of and biographical information regarding any directors or senior executive officers of the resulting bank holding company that are not directors or senior executive officers of the acquiring bank holding company or of a company

official document · source cfr-2024 · id 12:§ 225.14