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Merger Agreements Banks Antitrust Provisions

Seyfarth Shaw LLP

FDIC Updates Bank Merger Guidance to Include Non-Compete Ban

Seyfarth Shaw LLP on

On March 21, 2024, the Federal Deposit Insurance Corporation (“FDIC”) approved a Federal Register notice seeking public comment on its proposal to revise its current Statement of Policy on Bank Merger Transactions. Among the...more

Ballard Spahr LLP

FDIC Proposes Limitations on Use of Non-Competes

Ballard Spahr LLP on

On March 21, 2024, the Federal Deposit Insurance Corporation (“FDIC”) issued its proposed Statement of Policy on Bank Merger Transactions (the “Proposal”) for public comment. The Proposal seeks to update guidance, last...more

Manatt, Phelps & Phillips, LLP

DOJ Provides Guidance on Factors That Will Influence Future Bank Merger Reviews

In remarks before the Brookings Institution on June 20, 2023, Assistant United States Attorney General (AAG) Jonathan Kanter provided detailed insights into the work by the Department of Justice’s (DOJ) Antitrust Division to...more

Manatt, Phelps & Phillips, LLP

Executive Order May Pump the Brakes on Bank M&A

On July 9, 2021, President Biden signed an “Executive Order on Promoting Competition in the American Economy.” Included within the order is a sweeping recommendation that the Attorney General, in consultation with the heads...more

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