The Federal Deposit Insurance Corporation has issued a proposal to rescind the Statement of Policy on Bank Merger Transactions finalized in 2024 and reinstate the prior Statement of Policy that applied before the 2024 version. The proposal is communicated as supervisory guidance applicable to all FDIC-insured financial institutions. The FDIC is pursuing the change due to concerns that implementing the 2024 Statement has added considerable uncertainty to the merger application process. Reinstating the earlier Merger Policy Statement is framed as an interim step while the agency conducts a broader reevaluation of its bank merger review process. Public comments are invited on rescinding the 2024 Statement and reinstating the prior policy statement, and the FDIC expects to issue a later proposal to comprehensively revise its merger policy and solicit additional feedback at that time.

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