FRB Issues Answers to FAQs Regarding Competitive Review Process
The Board of Governors of the Federal Reserve System ("FRB") published FAQs regarding the competitive review process for bank acquisitions, mergers and other transactions.
The FAQs, which were developed jointly with the Department of Justice ("DOJ"), provide answers to questions often raised by banking organizations that are considering filing applications, and also explain changes to the application process mandated by the Dodd-Frank Act. Additionally, the FAQs cover factors considered by the FRB and DOJ in conducting competitive analyses for bank applications.