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Warren W. Traiger quoted in S&P Global article, “Speedy bank deal sparks questions on M&A regulatory approval process”

S&P Global Market Intelligence

Warren W. Traiger

Warren W. Traiger was quoted on February 22, 2018 in an S&P Global article, “Speedy bank deal sparks questions on M&A regulatory approval process,” which discussed the curiosity throughout the banking industry regarding whether the timeline for closing a large M&A deal could shorten following the quick deal with two banks. The article stated, “On Jan. 23, the Federal Reserve followed suit in approving the deal and included a footnote reiterating that ‘neither the CRA nor the federal banking agencies' CRA regulations require depository institutions to make pledges or enter into commitments or agreements with any organizations.’”

Traiger stated, “The OCC is actively trying to amend CRA regulations, which may explain the softening approach to resolving CRA matters in M&A deals.” He also warned that “while there may be less pressure from regulators to enter agreements with community groups, there have not been enough mergers without community agreements to say if there is a trend. I didn't see the regulators demanding [community agreements] for every M&A deal, even under the Obama administration.”

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