17 Apr 2025
🏦Change in Bank Control Notices and Acquisitions of Shares
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
This regulation discusses the notification process under the Change in Bank Control Act for acquiring shares in banks or bank holding companies. It outlines the public's ability to comment on applications, details on submission, and how comments will be handled. The regulations aim to ensure transparency in banking acquisitions.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The text outlines the process for acquiring shares of banks, which affects banking executives and business owners by establishing compliance requirements and allowing for public comment on applications submitted under the Change in Bank Control Act. This impacts strategic decisions related to bank ownership and investments.