The Office of Thrift Supervision's proposed rules for thrifts that want to convert from mutual to stock ownership

Full text of the Office of Thrift Supervision's proposed rule will be published in the Federal Register, dated Wednesday, July 12.]

The Office of Thrift Supervision is pursuing a comprehensive regulatory strategy governing mutual institutions, mutual holding company reorganizations and the mutual to stock conversion process. The program involves:

  • Issuing new policy and examination guidance for mutuals;
  • Proposing regulations on mutual holding companies and the conversion process;
  • Issuing an interim final rule on stock repurchases and mutual holding company dividend waivers; and
  • Revising application forms used for mutual holding company reorganizations and the conversion process.

Visit the OTS site for more information...

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