Title 12, Banks and BankingRelease 119-110
§215a–3 Mergers and Consolidations with Subsidiaries and Nonbank Affiliates
Title 12 › CHAPTER 2 — NATIONAL BANKS › SUBCHAPTER XVI — CONSOLIDATION AND MERGER › § 215a–3
Summary
A national bank may merge with one or more of its nonbank subsidiaries or affiliates if the Comptroller approves. This does not change how section 1828(c) applies, and it does not give a national bank any powers beyond what other laws already allow. The Comptroller must create rules to carry out these mergers.
Full Legal Text
Title 12, §215a–3
Banks and Banking, Source: USLM XML via OLRC
(a)In general
Upon the approval of the Comptroller, a national bank may merge with one or more of its nonbank subsidiaries or affiliates.
(b)Scope
Nothing in this section shall be construed—
(1)to affect the applicability of section 1828(c) of this title; or
(2)to grant a national bank any power or authority that is not permissible for a national bank under other applicable provisions of law.
(c)Regulations
The Comptroller shall promulgate regulations to implement this section.
Reference
Citations & Metadata
Citation
12 U.S.C. § 215a–3
Title 12, Banks and Banking
Last Updated
Sep 22, 2026
Release point: 119-110