12 CFR 196.5 - Small market share exemption.
(a) Exemption. A management interlock that is prohibited by § 196.3 is permissible, if:
(1) The interlock is not prohibited by § 196.3(c); and
(2) The depository organizations (and their depository institution affiliates) hold, in the aggregate, no more than 20 percent of the deposits in each RMSA or community in which both depository organizations (or their depository institution affiliates) have offices. The amount of deposits shall be determined by reference to the most recent annual Summary of Deposits published by the FDIC for the RMSA or community.
Title 12 published on 2013-01-01
no entries appear in the Federal Register after this date.