US EditionOCC reinstates expedited M&A reviews
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OCC reinstates expedited M&A reviews
The Office of the Comptroller of the Currency recently reinstated expedited approvals of mergers and acquisitions for national banks and federal savings associations under the Bank Merger Act. The expedited approval process was revoked last September under former Acting Comptroller of the Currency Michael Hsu. The rule allows mergers to be automatically approved on the 15th day following the close of the comment period unless the OCC removes the…
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