Federal Reserve and Justice Department Release FAQs on Antitrust Review of Bank Mergers
The Federal Reserve Board and the Antitrust Division of the Justice Department have jointly developed a set of frequently asked questions and answers relating to antitrust reviews of bank mergers. The FAQs generally reflect longstanding administrative policies and practices of the two agencies and are a useful compilation of their respective views, including areas where the approaches taken by the two agencies diverge. The FAQs indicate that a common analytical approach will be used for all types of banking organization merger applications, including those filed under the Bank Holding Company Act, the Bank Merger Act, and the Home Owners’ Loan Act.