12 U.S.C. § 215c — Mergers, consolidations, and other acquisitions authorized

(a) In general — Subject to sections 1815(d)(3) and 1828(c) of this title, and all other applicable laws, any national bank may acquire, or be acquired by, any insured depository institution. (b) Expedited approval of acquisitions (1) In general — Any required application for a national bank to acquire or be acquired by another insured depository institution must be approved or denied in writing within 60 days of being filed. (2) Extensions of period — The Comptroller can extend that 60-day period by another 30 days if the Comptroller decides the applicant hasn't submitted all the required information, or that some submitted information is substantially inaccurate or incomplete. (c) Rule of construction — Nothing in this section lets a national bank or its subsidiary do anything it isn't already authorized to do under other laws governing national banks' powers. (d) "Acquire" defined — "Acquire" means to directly or indirectly gain ownership or control through a merger, consolidation, asset acquisition, or assumption of liabilities — as long as, after that deal, the acquiring institution doesn't end up owning shares of the institution it acquired.