CBA Statement on FDIC’s Proposed Statement of Policy on Bank Mergers and Acquisitions

WASHINGTON, D.C. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement on the Federal Deposit Insurance Corporation’s (FDIC) new proposed statement of policy on how the agency approaches bank mergers and acquisitions: 

“It is important for regulators not to assume that every bank merger is automatically positive or automatically negative. Every bank merger should be reviewed and evaluated based on its individual attributes as regulators look to determine whether it meets statutory standards applicable to the merger and the needs of the banks involved, their various constituencies, and the banking system.

“These processes are meant to help ensure a vibrant, competitive, and stable banking system. As the FDIC advances this Proposed Statement of Policy, it should take care to avoid introducing greater uncertainty into the merger process or making the merger process longer and more difficult.” 

CBA Advocacy

• To read CBA’s comment letter responding to the FDIC’s request for information on bank mergers from May 2022, click HERE.