Regulatory Alerts2025-05-15 | Conditional Approval 1339Added
Conditional Approval 1339 — Merger of BancCentral, National Association into Dream First Bank, National Association
The Office of the Comptroller of the Currency conditionally approves the interstate merger of BancCentral, National Association, Alva, Oklahoma, with and into Dream First Bank, National Association, Syracuse, Kansas. The approval imposes two conditions: a two-year prohibition on declaring or paying dividends without prior written determination of no supervisory objection from the OCC, and a requirement to exclude net bargain purchase gains subject to a conditional period from capital and surplus calculations for legal lending limit purposes. The approval automatically terminates if the merger is not consummated within six months unless an extension is granted, and the effective date must follow the Department of Justice’s injunction period.