The Dodd-Frank Test For Bank Expansion

Law360, New York (January 24, 2012, 3:44 PM EST) -- On Dec. 23, 2011, the Federal Reserve Board issued a statement setting forth the rationale for its Dec. 19 approval of a bank acquisition, subject to the newly added criteria under the Dodd-Frank Act that the board must provide in its analysis of bank expansion applications. Section 604(d) of Dodd-Frank amended Section 3(c) of the Bank Holding Company Act (12 U.S.C. 1842(c)) ("BHC Act") to require the board to determine whether a proposed bank acquisition would lead to greater or more concentrated risks "to the stability...
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