Who is the final authority to merge bank
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The Bank Merger Act requires that mergers between depository institutions be subject to the prior approval of the primary federal regulator of the resulting institution (12 USC 1828(c)).
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Allahabad Bank board approves merger with Indian Bank
KOLKATA: The board of Allahabad Bank on Monday approved the merger proposal with Indian Bank, making the amalgamated entity the seventh largest public sector lender of the country.
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