12 CFR 26.5
§ 26.5 Small market share exemption.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 26.5, § 26.5 Small market share exemption, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43328
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Full text
(a) Exemption. A management interlock that is prohibited by § 26.3 is permissible, if:
(1) The interlock is not prohibited by § 26.3(c); and
(2) The depository organizations (and their depository institution affiliates) hold, in the aggregate, no more than 20 percent of the deposits in each RMSA or community in which both depository organizations (or their depository institution affiliates) have offices. The amount of deposits shall be determined by reference to the most recent annual Summary of Deposits published by the FDIC for the RMSA or community.
(b) Confirmation and records. Each depository organization must maintain records sufficient to support its determination of eligibility for the exemption under paragraph (a) of this section, and must reconfirm that determination on an annual basis.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.