FDIC approves merger fast-track plan

The FDIC board unanimously voted to propose new rules that would speed up bank merger reviews, make them more predictable, and tailor them to transaction risks.

New rules impose strict timelines

The proposal codifies processing timelines for different merger types and creates a rapid processing framework for small deals that could be approved in as little as five days.

“This would include a 'rapid processing' framework for de minimis transactions, which are acquisitions of extremely small targets or certain types of operating subsidiaries and which would be processed in as little as five days.”

FDIC already cutting review times

Chairman Travis Hill said the agency has reduced average merger review time from 107 days in 2023 to 64 days so far in 2026, showing momentum before the new rules take effect.

Framework modernizes outdated rules

The proposal updates the Bank Merger Act framework to reflect how banking has changed since the law was written, accounting for credit unions and centrally booked deposits in competitive analysis.

Deemed approval for small deals

The proposal establishes a letter filing process with automatic approval for de minimis transactions, reducing paperwork and processing burden for small mergers.

Public comment period opens soon

The FDIC will accept public comments for 60 days after the proposal is published in the Federal Register, allowing stakeholders to weigh in before final rules are set.