{"data":{"id":"us/12-cfr-192.625","jurisdiction":"us","citation":"12 CFR 192.625","heading":"Eligibility for a voluntary supervisory conversion.","body":"(a) Eligibility. An insured savings association may be eligible to convert under this subpart B if:\n(1) The savings association is significantly undercapitalized (or undercapitalized and a standard conversion that would make the savings association adequately capitalized is not feasible) and the savings association will be a viable entity following the conversion;\n(2) Severe financial conditions threaten the savings association's stability and a conversion is likely to improve its financial condition;\n(3) The FDIC will assist the savings association under section 13 of the Federal Deposit Insurance Act, 12 U.S.C. 1823; or\n(4) The savings association is in receivership and a conversion will assist the savings association.\n(b) Requirements for viability after conversion. The savings association will be a viable entity following the conversion if it satisfies all of the following:\n(1) The savings association will be adequately capitalized as a result of the conversion;\n(2) The savings association, its proposed conversion, and its acquiror(s) comply with applicable supervisory policies;\n(3) The transaction is in the savings association's best interest, and the best interest of the Deposit Insurance Fund and the public; and\n(4) The transaction will not injure or be detrimental to the savings association, the Deposit Insurance Fund, or the public interest.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 192—CONVERSIONS FROM MUTUAL TO STOCK FORM","Subpart B—Voluntary Supervisory Conversions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"b40111a0e725cefc27c1d867f54b4403e1e7baf0e655d95f57a98794ccc1c782","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-192.610","next":"us/12-cfr-192.630"},"notice":"GroundRules: Original legal text. Not legal advice."}