; and (II) with respect to a company that has total consolidated assets of less than $10,000,000,000, it meets the required capital levels for well capitalized bank holding companies established by the Board. . 7. Managerial criteria for certain merger transactions (a) Insured depository institutions Section 18(c) of the Federal Deposit Insurance Act ( 12 U.S.C. 1828(c) ), as amended by section 5, is further amended by adding at the end the following new paragraph: (18) Covered transactions (A) Definition In this paragraph, the term covered transaction means a merger transaction in which the resulting company would have more than $100,000,000,000 in total assets. (B) Application An application for approval of a covered transaction shall include the name of each individual who will serve on the board of directors or serve as a senior executive officer of the resulting company. (C) Written evaluation The responsible agency shall make a written evaluation of the competence, experience, character, and integrity of each individual described in subparagraph (B). (D) Best interests The responsible agency shall not approve a covered transaction if the responsible agency determines that the competence, experience, character, or integrity of any individual described in subparagraph (B) indicates that it would not be in the best interests of the depositors of the depository institution or in the best interests of the public to permit the individual to be employed by, or associated with, the resulting company. (E) Publicly available The responsible agency shall make any written evaluation described in subparagraph (C) publicly available after the date on which the responsible agency approves or denies a covered transaction. . (b) Bank holding companies (1) Acquisition of bank shares or assets Section 3(c) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1842(c) ), as amended by section 6, is further amended by adding at the end the following new paragraph: (12) Covered transactions (A) Definition In this paragraph, the