14 Feb 2025
🏦Federal Reserve Change in Bank Control Notices Overview
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve announces changes regarding bank control notices, addressing acquisitions of bank shares under the Change in Bank Control Act. The document outlines the submission process for public comments and details relevant parties involved in the applications, providing insights for stakeholders in the financial sector.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The document outlines the Change in Bank Control Act regarding ownership acquisitions of banks and bank holding companies, impacting business owners looking to invest or acquire shares. It highlights the regulatory requirements and public comment process, which could affect strategic decisions for existing or prospective financial entities.