Small Bank M&A Rules Relaxed

The Board of Governors of the Federal Reserve Board recently relaxed its guidelines for small bank holding companies in order to facilitate the sale of smaller community banks. Requirements now state that holding companies with less that $1 billion in total consolidated assets qualify under the "Small Bank Holding Company Policy." Under the previous policy, only bank holding companies with less than $500 million in total consolidated assets qualified for the relaxed policies. [4/13/15]