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Exam CRCM topic 1 question 287 discussion

Actual exam question from ABA's CRCM
Question #: 287
Topic #: 1
[All CRCM Questions]

First State Bank, a state nonmember institution, plans to purchase a company that would be a financial subsidiary of the bank. First State will send a notice to the
FDIC of its proposed acquisition. Of the following factors, which one would NOT be relevant to the FDIC's consideration of the bank's acquisition?

  • A. First State Bank's asset size
  • B. Whether First State Bank is well capitalized
  • C. First State Bank's CRA rating
  • D. The impact of the acquisition on First State Bank's safety and soundness
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Suggested Answer: A 🗳️
by Cam22 at March 17, 2024, 12:54 p.m.

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Cam22
2 months ago
Selected Answer: A
When a state nonmember bank, like First State Bank, notifies the Federal Deposit Insurance Corporation (FDIC) of its intention to purchase a company that would be a financial subsidiary, several factors are considered by the FDIC to ensure that the acquisition is in line with regulatory requirements and does not pose undue risks.
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C (25%)
B (20%)
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