12 Feb 2025
🏦Regulatory Notice on Changes in Bank Control and Acquisitions
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve System has issued a notice concerning applications for acquiring shares of banks or bank holding companies under the Change in Bank Control Act. The notice outlines the factors considered in applications and provides instructions for submitting comments and viewing public filings related to these acquisitions.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The document outlines regulatory requirements for notifying the Federal Reserve about changes in bank control. This has significant implications for businesses involved in acquisitions, as they must comply with these regulations and may have to disclose sensitive information. The change in control of banks can also affect business financing opportunities.