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- Title
Order Approving the Acquisition of Assets, Assumption of Liabilities, and the Establishment of Branches FRB Order No. 2015-09 (February 27, 2015).
- Authors
Frierson, Robert de V.
- Abstract
The article focuses on the approval by the U.S. Federal Reserve Board on the request of Centennial Bank in Conway, Arkansas to acquire Doral Bank in San Juan, Puerto Rico. Topics discussed include the application of Centennial for section 9 of the Federal Reserve Act (FRA), the role of the Federal Deposit Insurance Corp. (FDIC) as receiver of Doral, and the actions of the Board pursuant to the Bank Merger Act. Also discussed are the considerations of the board prior to approval.
- Subjects
ASSET acquisitions; BOARD of Governors of the Federal Reserve System (U.S.); CENTENNIAL Bank (Company); DORAL Bank (Company); FEDERAL Reserve Act (U.S. : 1913); FEDERAL Deposit Insurance Corp.; BANK mergers
- Publication
Federal Reserve Bulletin, 2015, Vol 101, Issue 2, p71
- ISSN
0014-9209
- Publication type
Article