MERGERS AND CONSOLIDATIONS—Certificate of Publication of Notice

Prior to approval or disapproval of a proposed merger, consolidation, or absorption, a notice must be published as required under Public Law 86-463, enacted May 13, 1960. To determine compliance with this provision of the law, the System should be furnished with a certificate of publication. A suggested form of certificate is enclosed. Copies of the form are available to appropriate parties for their use. The notice of merger, consolidation, or absorption may be required to be published in more than one community, and a certificate should be furnished with respect to each newspaper in which the notice appears. S-1745; June 8, 1960.

1. Notice must be published in a newspaper of general circulation in the community in which the main office of each of the banks involved in the transaction is located at least once each week on the same day for five consecutive weeks and, when published in a daily newspaper, one additional publication on the 30th day from the date of first publication.

2. All notices should be published in the joint names of all banks involved in the transaction.

3. When the banks are located in nonbranch states, the second sentence of the form of notice should be deleted.