Processing.

CFR · 2024-01-01 · US · Title 12

(a) (2) (i) 45 days after the date of the FDIC's receipt of a substantially complete merger application; or (ii) 10 days after the date of the last notice publication required under § 303.65 of this subpart; or (iii) 5 days after receipt of the Attorney General's report on the competitive factors involved in the proposed transaction; or (iv) For an interstate merger transaction subject to the provisions of section 44 of the FDI Act (12 U.S.C. 1831u), 5 days after the FDIC receives confirmation from the host state (as defined in § 303.41(e)) that the applicant has both complied with the filing requirements of the host state and submitted a copy of the FDIC merger application to the host state's bank supervisor. (3) (4) (i) Immediately following the merger transaction, the resulting institution will be “well-capitalized” pursuant to subpart H of part 324 of this chapter (12 CFR part 324), as applicable; and (ii)(A) All parties to the merger transaction are eligible depository institutions as defined in § 303.2(r); or (B) The acquiring party is an eligible depository institution as defined in § 303.2(r) and the amount of the total assets to be transferred does not exceed an amount equal to 10 percent of the acquiring institution's total assets as reported in its report of condition for the quarter immediately preceding the filing of the merger application. (b) (c) (1) The FDIC shall notify an applicant that is a State savings association in writing of the date the application is

official document · source cfr-2024 · id 12:§ 303.64