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Summary:

On September 17, 2024, the �౦��Ϸ���� Board of Directors approved a final Statement of Policy on Bank Merger Transactions (Final SOP).  The Final SOP communicates the Board’s expectations for merger transactions subject to �౦��Ϸ���� approval, including the analytical considerations that go into evaluating each statutory factor in a forward-looking manner.  The Final SOP supersedes the prior Statement of Policy on Bank Merger Transactions 30 days after publication in the Federal Register.

Statement of Applicability: The contents of, and material referenced in, this FIL apply to all �౦��Ϸ����-insured financial institutions.

Highlights:

The Final SOP:

• Replaces the existing Statement of Policy, which was last revised in 2008. 
• Updates, strengthens, and clarifies the �౦��Ϸ����’s policies and expectations related to the evaluation of bank merger transactions.
• Refines, and in some cases, broadens the description of the analytical considerations for each statutory factor. 
• Includes changes made in consideration of the 23 comment letters submitted in response to the