FDIC Proposes Fast Track for Bank Merger Reviews

The Federal Deposit Insurance Corporation (FDIC) board of directors voted Thursday (Sept. 17) to approve a proposed rule that it said would make the agency’s review of bank merger transactions faster, more predictable and tailored to the potential risks of the transaction. The proposed rule would impose discipline around timelines in these reviews and would modernize the framework, the FDIC said in a Thursday (Sept.