§ 229.40 - Effect of merger transaction.

§ 229.40 Effect of merger transaction.

Cross Reference

Link to an amendment published at 82 FR 27584, June 15, 2017.

(a) In general.

For purposes of this subpart, two or more banks that have engaged in a merger transaction may be considered to be separate banks for a period of one year following the consummation of the merger transaction.

(b) Merger transactions on or after July 1, 1998, and before March 1, 2000. If banks have consummated a merger transaction on or after July 1, 1998, and before March 1, 2000, the merged banks may be considered separate banks until March 1, 2001.

[Reg. CC, 53 FR 19433, May 27, 1988, as amended at 64 FR 14577, Mar. 26, 1999[82 FR 27584, June 15, 2017]