12 CFR § 192.625 - Eligibility for a voluntary supervisory conversion.
---
identifier: "/us/cfr/t12/s192.625"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 192.625 - Eligibility for a voluntary supervisory conversion."
title_number: 12
title_name: "Banks and Banking"
section_number: "192.625"
section_name: "Eligibility for a voluntary supervisory conversion."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "192"
part_name: "CONVERSIONS FROM MUTUAL TO STOCK FORM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1462a, 1463, 1464, 1467a, 2901 5412(b)(2)(B); 15 U.S.C. 78c, 78, 78m, 78n, 78w."
regulatory_source: "85 FR 42643, July 14, 2020, unless otherwise noted."
cfr_part: "192"
---
# 192.625 Eligibility for a voluntary supervisory conversion.
(a) *Eligibility.* An insured savings association may be eligible to convert under this subpart B if:
(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;
(2) Severe financial conditions threaten the savings association's stability and a conversion is likely to improve its financial condition;
(3) The FDIC will assist the savings association under section 13 of the Federal Deposit Insurance Act, 12 U.S.C. 1823; or
(4) The savings association is in receivership and a conversion will assist the savings association.
(b) *Requirements for viability after conversion.* The savings association will be a viable entity following the conversion if it satisfies all of the following:
(1) The savings association will be adequately capitalized as a result of the conversion;
(2) The savings association, its proposed conversion, and its acquiror(s) comply with applicable supervisory policies;
(3) The transaction is in the savings association's best interest, and the best interest of the Deposit Insurance Fund and the public; and
(4) The transaction will not injure or be detrimental to the savings association, the Deposit Insurance Fund, or the public interest.