14 Apr 2025
🏦Change in Bank Control Notices and Acquisition Regulations
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve System has issued a notice regarding applications for acquiring shares of banks or bank holding companies under the Change in Bank Control Act. It invites public comment on the applications and outlines the processes involved, focusing on transparency and compliance for interested parties.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The document outlines regulatory requirements concerning the acquisition of shares of banks and bank holding companies under the Change in Bank Control Act. Business owners must be aware of the implications of such acquisitions, including public comment periods and disclosure of private information. Complying with these regulations is essential for any company involved in banking or financial services.