Can you summarize 106359.?

Short Summary

Each out-of-state bank that operates a branch in Guam, or the home state regulator of the bank, shall give at least thirty (30) days prior written notice (or, in the case of an emergency transaction, shorter notice as is consistent with applicable state or Federal law) to the Commissioner of any merger, consolidation, or other transaction that would cause a change of control with respect to the out-of-state bank or any bank holding company that controls the bank, with the result that an application would be required to be filed pursuant to the Bank Merger Act, as amended, the Change in Bank Control Act of 1978, as amended, or the Bank holding Company Act of 1956, as amended, or any successor statutes thereto.

Jurisdiction

Guam

Source

• Banking