A proposed merger between two or more banks must be ratified by the board of directors of each bank involved,followed by the management of each of the banks,and then all the shareholders of all the banks.The merger can proceed thereafter once regulators' approval is received.

Question

Quizplus · Accepted Answer

A proposed merger typically requires approval from the board of directors and shareholders, but not necessarily the management of each bank. Regulatory approval is also required.

A Proposed Merger Between Two or More Banks Must Be