FDIC Adopts Final Rule Regarding ILC Applications
By EsqSocial Corporation 22/01/21
The Federal Deposit Insurance Corporation (FDIC) approved on Dec. 15, 2020, a final rule that clarifies how it intends to treat applications to insure an industrial bank or industrial loan company (each, an ILC) or to merge with or acquire control of an ILC. ILC charters are desirable because owning or controlling an ILC is…...
By: Holland & Knight LLP