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- Title
Order Approving the Acquisition of a Bank Holding Company.
- Authors
Shanks, Margaret McCloskey
- Abstract
The article discusses the approval by the U.S. Board of Governors of the Federal Reserve System on Ameris Bancorp's proposal to acquire the bank holding company Prosperity Banking Co. and its subsidiary under the Bank Holding Company Act (BHC Act). Several factors that the board have considered in approving the proposal under the act are outlined. These include interstate transactions, competition within the industry, and financial and managerial resources.
- Subjects
UNITED States; AMERIS Bancorp (Company); BANK holding companies; BOARD of Governors of the Federal Reserve System (U.S.); BANK mergers; BANK merger laws; COMPETITION in the banking industry; INTERSTATE banking; MERGERS &; acquisitions
- Publication
Federal Reserve Bulletin, 2014, Vol 100, Issue 1, p1
- ISSN
0014-9209
- Publication type
Article