FEDERAL DEPOSIT INSURANCE CORPORATION
MERGER DECISIONS
2000 ANNUAL REPORT TO CONGRESS
Bank Merger Act Reporting Requirements
(January 1, 2000 through December 31, 2000)
All of the following Merger applications have been approved by the FDIC during the year 2000. With regard to each of these applications, the FDIC considered and found favorably with respect to the competitive factors involved, including the financial and managerial resources; future prospects; and convenience and needs of the community to be served.
Except as noted, reports regarding the competitive factors were requested from the Attorney General and other Federal banking agencies and the Summary Report by the Attorney General indicated that the transaction would not have a significant adverse effect on competition.
In each case, the FDIC has determined (1) that the transaction would not result in a monopoly or further any combination or conspiracy to monopolize or to attempt to monopolize the business of banking in any part of the United States; and (2) that the transaction would not have the effect in any section of the country to substantially lessen competition or tend to create a monopoly or in any other manner to restrict competition. In each case, the FDIC determined that the banking factors and considerations relating to the convenience and needs of the community to be served were consistent with approval.