FDIC Board Member Gruenberg Issues Statement on Bank Merger Act Application
November 19, 2019
November 19, 2019
WINSTON-SALEM, North Carolina, Nov. 19 -- The Federal Deposit Insurance Corporation issued the following statement by Board Member Martin J. Gruenberg on the Bank Merger Act application:
"Today the FDIC Board of Directors is considering an application for the merger of two large insured depository institutions, SunTrust and BB&T, under section 18(c) of the Federal Deposit Insurance Act, commonly referred to as the Bank Merger Act./1 This is by far the largest bank merger ev . . .
"Today the FDIC Board of Directors is considering an application for the merger of two large insured depository institutions, SunTrust and BB&T, under section 18(c) of the Federal Deposit Insurance Act, commonly referred to as the Bank Merger Act./1 This is by far the largest bank merger ev . . .