News & Events

Amanda Allexon, a Partner in the Firm’s Financial Institutions Practice, will be a featured speaker at the U.S. House Financial Services Committee hearing titled, “Enhancing Competition: Shaping the Future of Bank Mergers and De Novo Formation,” which will be held by the Subcommittee on Financial Institutions on May 14 and discuss the bank application process for mergers and de novo formations.

With experience working in the Legal Division of the Federal Reserve Board for nearly a decade, including serving as Senior Counsel, Amanda has prepared testimony discussing some of the current regulatory headwinds facing bank transactions and will offer her perspective on “commonsense suggestions” that could “help rationalize the applications process and support a more dynamic industry that can better serve the needs of all Americans.” In her testimony, Amanda will highlight the need for the banking system to facilitate new entrants to the market and business combinations and speak about what procedural elements could be addressed to better facilitate the bank merger application process.

The U.S. House Financial Services Committee has jurisdiction over issues pertaining to the economy, the banking system, housing, insurance and securities and exchanges. It oversees the Federal Reserve Board and individual reserve banks, the Treasury, the production and distribution of currency, and the Nation’s capital markets.

For more information on the House Financial Services Committee Hearing and to view Amanda’s testimony, please click here and here.