Merger Approval: Bank

Type:	MA Approval
Description:	Approval of Merger Application.
Filing Deadline:
Relevant Legislation:	For the banking industry the regional districts of the OTS and Federal Reserve have delegated approval authority, which means that they can approve transactions that don't raise significant questions. Applications that are potentially objectionable - a decided minority of all applications filed - are sent to the central offices, which customarily release these approvals to the public.