FDIC extends comment period for proposed rule for another month

Orrick, Herrington & Sutcliffe LLP
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Orrick, Herrington & Sutcliffe LLP

On October 16, the FDIC extended the comment period for a proposed rule change under the Change in Bank Control Act (CBCA) to November 18. As previously covered by InfoBytes, the proposed rule would amend the regulations regarding advance notice requirements for certain acquisitions of voting securities of FDIC-supervised institutions. The original comment period, which began on August 19, has now been extended from October 18 to November 18.

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