Manatt Financial Services Partner Craig Miller, Corporate and Finance Partner Gordon Bava and Associate Adriana Bass wrote a Law360 article exploring changes community banks are expected to undergo with the shift in presidential administration, including the regulatory environment and mergers and acquisition activity.
One expected change in the financial landscape would be transitioning from a highly regulated environment with rigid examination protocols to a more flexible one for financial institutions, as the upcoming president indicated his new administration will focus on reducing the cost of regulation and enforcement activities. The field of mergers and acquisitions could also follow this change, for example, with faster approval for bank merger transactions by regulatory agencies potentially overlooking any concerns.
“The 2024 election promises a possible sea change in executive and legislative initiatives across the entire business landscape, and financial services is no exception,” the authors wrote. “With an anticipated relaxation of the regulatory environment, management for regional and community banks has much to think about in planning ahead.”
Read the full article here.