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.
Acting Comptroller of the Currency Michael Hsu said in a May 9 speech that he sees value in holding public meetings on large bank mergers. On May 17, the Office of the Comptroller of the Currency and the Federal Reserve announced upcoming public hearings for a pair of pending deals: Bank of Montreal’s acquisition of BancWest Holding Inc. and Toronto-Dominion Bank’s purchase of First Horizon Bank.
Hsu’s comments and the increasing number ...
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