Besides capital, what requirements must be met to acquire a regional bank?

Asked Mar 11, 2013· 1 answer ·United States
Faisal KhanAnswered Mar 11, 2013
Assuming you're in the US, Regional Federal Reserve approval is required. Even if you are buying an existing community bank or a new one. In addition the State's DFI needs to clear you, as well as FinCEN. Your name should not be on any black list, like OFAC, etc.

If a new bank, you would have to show the management structure of bankers for operations, audit, compliance and back office. You would also have to show your ops/audit and compliance systems that you intend to implement.
Bank SupervisionBank Charters United States
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