Bloomberg Law, May 24, 2022, Bank Mergers Face More Public Hearings, Scrutiny Under Biden
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Public hearings are set to become a more common feature in big bank merger reviews, allowing community groups and regulators to seek changes and conditions before deal approvals.
Public merger hearings also provide insight into what bank regulators are thinking about a deal, said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition.
“We think they enhance the transparency of the approval process that’s otherwise totally behind the scenes,” he said.
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