19 Feb 2025
🏦Federal Reserve Notices on Change in Bank Control Applications
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve has announced changes regarding notices under the Change in Bank Control Act, inviting public comments on proposed acquisitions of bank shares. This process is vital for ensuring transparency and compliance, with specified guidelines for stakeholder involvement and public access to application details.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The text outlines a regulatory change requiring notifications for acquisition of bank shares, which affects bank owners and executives needing to comply with the Change in Bank Control Act. It highlights public commentary opportunities that could influence business decisions and control structures within banks.