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§ 192.625 - When is a savings association eligible for a voluntary supervisory conversion?

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If you are an insured savings association, you may be eligible to convert under this subpart if:

You are significantly undercapitalized (or you are undercapitalized and a standard conversion that would make you adequately capitalized is not feasible) and you will be a viable entity following the conversion;

Severe financial conditions threaten your stability and a conversion is likely to improve your financial condition;

FDIC will assist you under section 13 of the Federal Deposit Insurance Act, 12 U.S.C. 1823; or

You are in receivership and a conversion will assist you.

You will be a viable entity following the conversion if you satisfy all of the following:

You will be adequately capitalized as a result of the conversion;

You, your proposed conversion, and your acquiror(s) comply with applicable supervisory policies;

The transaction is in your best interest, and the best interest of the Deposit Insurance Fund and the public; and

The transaction will not injure or be detrimental to you, the Deposit Insurance Fund, or the public interest.

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§ 192.610 - Do my members have rights in a voluntary supervisory conversion?
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§ 192.630 - When is a state-chartered savings bank eligible for a voluntary supervisory conversion.