Hearing: Enhancing Competition: Shaping the Future of Bank Mergers and De Novo Formation

Subcommittee on Financial Institutions (Committee on Financial Services)

Wednesday, May 14, 2025 (2:00 PM)

2128 RHOB
Washington, D.C.

Witnesses

Mr. Keith Costello
President and CEO, Locality Bank

Added 05/09/2025 at 02:39 PM
  • Witness Testimony [PDF] Added 05/12/2025 at 04:53 PM
  • Witness Truth in Testimony [PDF] Added 05/12/2025 at 04:53 PM
  • Witness Biography [PDF] Added 05/12/2025 at 04:53 PM

Ms. Mary Usategui
President and CEO, BankMiami

Added 05/09/2025 at 02:39 PM
  • Witness Testimony [PDF] Added 05/12/2025 at 04:53 PM
  • Witness Truth in Testimony [PDF] Added 05/12/2025 at 04:53 PM
  • Witness Biography [PDF] Added 05/12/2025 at 04:53 PM

Ms. Amanda Allexon
Partner, Simpson Thacher & Barlett LLP

Added 05/09/2025 at 02:39 PM
  • Witness Testimony [PDF] Added 05/13/2025 at 10:22 AM
  • Witness Truth in Testimony [PDF] Added 05/13/2025 at 10:22 AM
  • Witness Biography [PDF] Added 05/13/2025 at 10:22 AM

Mr. John Berlau
Senior Fellow and Director of Finance Policy, Competitive Enterprise Institute

Added 05/09/2025 at 02:39 PM
  • Witness Testimony [PDF] Added 05/13/2025 at 01:22 PM
  • Witness truth in Testimony [PDF] Added 05/13/2025 at 01:22 PM
  • Witness Biography [PDF] Added 05/13/2025 at 01:22 PM

Mrs. ReShonda Young
Founder, Jabez Inc.

Added 05/09/2025 at 04:01 PM
  • Witness Testimony [PDF] Added 05/12/2025 at 04:53 PM
  • Witness Truth in Testimony [PDF] Added 05/12/2025 at 04:53 PM
  • Witness Biography [PDF] Added 05/12/2025 at 04:53 PM

Text of Legislation

  • H.R. ____, the Bank Failure Prevention Act of 2025 [PDF] Added 05/09/2025 at 02:39 PM
  • H.J.Res. 92, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency of the Department of the Treasury relating to the review of applications under the Bank Merger Act [PDF] Added 05/09/2025 at 02:39 PM
  • H.R. ____, the Financial Institution Regulatory Tailoring Enhancement Act [PDF] Added 05/09/2025 at 02:39 PM
  • H.R. ____, the Stress Testing Accountability and Transparency Act [PDF] Added 05/09/2025 at 02:39 PM
  • H.R. ____, the Bringing the Discount Window into the 21st Century Act [PDF] Added 05/09/2025 at 02:39 PM
  • H.R. ___, a bill to require the Comptroller of the Currency to study how bank-fintech partnerships can support new bank formation [PDF] Added 05/09/2025 at 02:39 PM
  • H.R. ___, a bill to require the Federal prudential regulators to study improving the growth, capital adequacy, and profitability of rural depository institutions [PDF] Added 05/09/2025 at 02:39 PM
  • H.R. ___, a bill to require annual reports on Federal depository institution charter applications, bank holding company applications, Federal deposit insurance applications, and State depository institution charter applications [PDF] Added 05/09/2025 at 02:39 PM
  • H.R. ___, a bill to require the Comptroller General of the United States to study the consideration of insured depository institution merger applications by Federal prudential regulators to ensure they align with statutory requirements and are not in any way influenced by political issues or considerations [PDF] Added 05/09/2025 at 02:39 PM
  • H.R. ___, a bill to require the Inspector General of each Federal prudential regulator to carry out a review of every 3 years of the regulator’s handling of insured depository institution merger applications [PDF] Added 05/09/2025 at 02:39 PM

Support Documents

  • Notice [PDF]
  • Memorandum [PDF] Added 05/09/2025 at 02:39 PM

First Published: May 7, 2025 at 02:31 PM
Last Updated: May 14, 2025 at 01:01 PM