Lochmann Opines on the FDIC's Proposed Regulations for Bank M&A in The Banker

03.29.2024

Stinson LLP Partner Mike Lochmann is featured in an article for The Banker, "US industry groups criticise new limits on big bank mergers," discussing the Federal Deposit and Insurance Corporation's (FDIC) proposed tougher conditions for bank mergers.

Lochmann says the FDIC's proposal comes in response to an increase in large bank mergers and criticism of big bank mergers following recent bank failures. With the requirement for public hearings, Lochmann says there is no legal precedent in the 60-year history of the Bank Merger Act for mandating public hearings. He believes the proposed requirements could make the bank merger process more complex and significantly lengthen approval times. Lochmann also highlights the lack of coordination from the FDIC, the Office of the Comptroller of the Currency and the Federal Reserve, creating potential confusion for banks.  

Lochmann advises banks, financial services companies and FinTech innovators on complex regulatory and compliance issues and financing transactions. He applies his deep knowledge of banking, corporate, securities and tax laws to counsel companies and individuals dealing with federal and state regulatory compliance issues and defend regulatory investigations and enforcement actions. Lochmann is known for helping clients grow their businesses with practical legal advice and workable solutions and for his work advising on the design and marketing of innovative financial products and services.

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