229.40—Effect of merger transaction.
(a) In general.
For purposes of this subpart, two or more banks that have engaged in a merger transaction may be considered to be separate banks for a period of one year following the consummation of the merger transaction.
(b) Merger transactions on or after July 1, 1998, and before March 1, 2000.
If banks have consummated a merger transaction on or after July 1, 1998, and before March 1, 2000, the merged banks may be considered separate banks until March 1, 2001.