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Acquisition & Merger - HMDA Reporting Requirements
Answer by Jim Bedsole, BOL Guru
Guru Bio
Question: Our holding company is in the process of acquiring an FDIC institution. After the institution is acquired, the plans are to merge one of the holding company's OCC regulated bank LPO's (which is located in an MSA) with the acquired institution. If all this takes place in 2007, what are the reporting requirements regarding HMDA for 2007?
Answer: The FFIEC publication "A Guide to HMDA Reporting: Getting it Right!" contains an entire section on mergers and acquisitions that outlines your various options for reporting in 2007.
First published on BankersOnline.com 9/10/07
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