Bank Merger

Bank Merger

A situation in which two banks pool their assets and liabilities to become one bank. Because this can have a significant impact on the financial industry, the Federal Reserve subjects mergers involving bank holding companies to more intensive regulation. See also: Too Big to Fail.
References in periodicals archive ?
bank merger with First Interstate, last year received options to buy shares of Wells Faro stock now valued at $45 million, in addition to his salary of $812,5000 and a $2 million bonus.
As required by the Bank Merger Act, reports on the competitive effects of the merger were requested from the United States Attorney General, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.
After the bank merger, Humboldt will operate the Feather River State Bank branches as a division of Humboldt Bank under the Feather River name.
The Department of Justice has informed the Board that a bank merger or acquisition will not be challenged (in the absence of other factors indicating anticompetitive effects) unless the post-merger HHI is at least 1800 and the merger increases the HHI by more than 200 points.
bank merger ever and a swift change of fortunes in a rare hostile takeover fight in the clubby world of banking.
The regulatory approval process for the Gold Bank merger is expected to take several months.
This study describes various aspects of that bank merger activity and some of the changes in U.
This session will be the largest public hearing federal officials have held for a bank merger, said Sandra Conlan, a Federal Reserve spokeswoman.
Additionally, the Company is making known the availability of its January 14, 2003 application submissions to the Ohio Division of Financial Institutions as part of an Application for Authorization to Establish a Banking Office, an Interagency Bank Merger Application and an Application for Authorization to Establish a Banking Office through the acquisition of an office of another financial institution.
As required by the Bank Merger Act and the Board's Rules of Procedure (12 C.
Both the proposed bank mergers are subject to the prior approval of the FDIC under the Bank Merger Act.
Similarly, in considering the convenience and needs factor under the BHC Act and the Bank Merger Act, the Board has considered the overall record of lending of SouthTrust Bank in all the markets in which it participates.