Stimulating Bank Investment By Simplifying Review

Law360, New York (July 23, 2012, 12:27 PM EDT) -- The Board of Governors of the Federal Reserve System on July 12, 2012, issued supervisory guidance, effective immediately, to enable applicants to obtain a prefiling review of a potential bank acquisition or other proposal before the submission of a formal application or notice. The Federal Reserve expects this program to be particularly helpful for community banking organizations, which typically do not file applications or notices on a frequent basis, and for investors with novel proposals.

This program could shorten and simplify the review of many formal...
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