Merger transactions involving foreign banks or foreign organizations.

CFR · 2024-01-01 · US · Title 12

(a) (1) References to an eligible depository institution in subpart D of this part include an eligible insured branch as defined in § 303.181; (2) The definition of a corporate reorganization in § 303.61(b) includes a merger transaction between an insured branch and other branches, agencies, or subsidiaries in the United States of the same foreign bank; and (3) For the purposes of § 303.62(b)(1) on interstate mergers, a merger transaction involving an insured branch is one involving the acquisition of a branch of an insured bank without the acquisition of the bank for purposes of section 44 of the FDI Act (12 U.S.C. 1831u) only when the merger transaction involves fewer than all the insured branches of the same foreign bank in the same state. (b)

official document · source cfr-2024 · id 12:§ 303.185