On May 15, 2025, OCC published interim final rule in federal register, effective May 15.
Comments on the interim final rule must be received by Jun. 16, 2025.
On May 8, OCC issued interim final rule, rescinded policy statement.
OCC issued Bulletin re adoption of interim final rule to restore streamlined application, expedited review to its procedures for reviewing applications under Bank merger act.
Rescinded policy statement on review of proposed merger transactions, see #199583.
Interim Rule Provisions
Restored without change 12 CFR 5.33(i) and (j) that were removed by 2024 final rule.
2024 rule removed term business reorganization, which was defined in § 5.33(d)(3).
Also, restored without change § 5.33(d)(3) that was removed by the 2024 final rule.
Effectiveness
Interim rule, recission of policy statement effective upon publication in federal register
Consultation
Comment on interim rule must be received 30 days after publication in federal register
In addition, requested comment on what content would be helpful in any future policy statement discussing the OCC’s review of applications under the Bank merger act.
May 15, 2025 Fed Reg Final Rule
On May 15, 2025, OCC published interim final rule in federal register, effective May 15.
Comments on the interim final rule must be received by Jun. 16, 2025.
