Agencies warn banks on charter switches (Dealscape

Federal officials Tuesday reiterated that banking institutions won't be permitted to switch charters or regulators without making a compelling case for the move.

Such conversions will not be allowed unless there are "legitimate business and strategic reasons," and conversion requests submitted while "serious or material enforcement actions" are pending "should not be entertained."

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NOT A SUBSCRIBER? Agencies warn banks on charter switches Posted on July 7, 2009 5:21 PM Federal officials Tuesday reiterated that banking institutions won't be permitted to switch charters or regulators without making a compelling case for the move. Such conversions will not be allowed unless there are "legitimate business and strategic reasons," and conversion requests submitted while "serious or material enforcement actions" are pending "should not be entertained." This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 920 in-depth reports of M&A deals in the FInancial Services sector 56 in-depth transaction records for the Federal Deposit Insurance Corp. 33 in-depth reports of Reorganization plans in the Financial Services sector 20 articles related to the National Credit Union Administration 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

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