OCC extends comment period on proposed rules for the Bank Merger Act

Bank Regulatory OCC Rulemaking Agenda Bank Merger Act

On April 10, the OCC announced a notice published in the Federal Register extending the comment period for the OCC’s proposed rule on bank mergers. The NPRM titled, “Business Combinations under the Bank Merger Act,” was originally published on February 14. As previously covered by InfoBytes, the rule would amend procedures to include a policy statement that “summarizes the principles the OCC uses when it reviews proposed bank merger transactions under the Bank Merger Act.” Under the typical 60-day comment period, the comment period for the original NPRM would have closed on April 15. The OCC extended the comment period in response to a request to do so, to allow interested parties additional time to prepare and submit their comments. The notice will not not indicate who made the request. The new deadline for parties to submit comments is June 15.