Related Organizations

De Novo Banks

Regulation W exempts asset purchases by de novo banks from section 23A’s collateral requirements, quantitative limits, and low-quality asset prohibition, and from section 23B’s market-terms requirement (but not from section 23A’s safety and soundness requirement), provided that the OCC has approved the asset purchase in writing in connection with its review of the formation of the new bank.

Previous: Internal Corporate Reorganizations Next: Step Transactions