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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.