The Federal Deposit Insurance Corporation’s Board of Directors approved a proposal to rescind the agency’s 2024 Statement of Policy on Bank Merger Transactions and reinstate, on an interim basis, the merger policy statement that was in effect prior to 2024 while it reevaluates its bank merger review process. The proposal seeks to address concerns that the 2024 statement added considerable uncertainty to the merger application process, and would return the FDIC to its historical approach that is described as well understood by market participants. Written comments may be submitted up to 30 days after publication in the Federal Register. The interim reversion would apply as the FDIC conducts a broader reevaluation of its bank merger review process and considers broader revisions to its merger policy.

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