The move restricts what MidSouth can independently do with board appointments and executive duties. The company was hit with a similar assessment by the OCC last year.
Acquirers announced deals in California, Missouri and Pennsylvania on the last business day of 2017, raising the year's final tally to 245 transactions.
Bank M&A started off with a bang this year, with eight of the 10 biggest deals taking place in the first six months. North Carolina and Florida accounted for six deals on the list.
The Fed approved an application giving Natcom Bancshares indirect control over Republic Bank, refusing to take into account claims the transaction imperils the target's S corporation status.
