Background Investigations

Depository Institution Management Interlocks Act (DIMIA)

The OCC may approve an otherwise prohibited interlocking management relationship, if the interlock would:

• Improve the provision of credit to low- and moderate-income areas.

• Increase the competitive position of a minority- or women-owned institution.

• Strengthen the management of an institution that has been chartered for less than two years or one that is in an unsafe or unsound condition.

Banks requesting an exemption should provide information to the OCC to support the proposed interlock. They should also submit the qualifications of the proposed management official.

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