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Article: Mergers and the Justice Department. (Comment ) (column)
- Article from:
- American Banker
- Article date:
- October 29, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mergers and the Justice Department
Competitive-impact analyses of the Fleet/Norstar and First Hawaiian mergers are the best guide to the U.S. Department of Justice's current approach to bank mergers.
A Justice Department task force is studying possible revisions. But this should not be viewed as a retreat from the merger analyses it has undertaken in connection with Fleet/Norstar Financial Group's acquisition of failed banks, from federal regulators, and First Hawaiian Inc.'s acquisition of a direct competitor in Hawaii.
Even mergers approved by regulators may require additional divestitures to avoid litigation with the Justice Department. Such ...