Davis Polk partner David Portilla was quoted in S&P Global discussing the FDIC’s proposed changes for reviewing bank mergers.

David noted that the proposal could have a yearslong impact on bank M&A. “Although the proposal is designed to provide more transparency and speed up the process, there inherently would be a multiyear delay before any transparency is reflected in markets and in the meantime there would be lots of uncertainty about the path forward for transactions,” he said.

“FDIC’s bank merger review overhaul to have ‘chilling’ effect on deal activity,” S&P Global (March 28, 2024)

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