18 Apr 2025
🏦Change in Bank Control
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 a bank or bank holding company under the Change in Bank Control Act. It emphasizes public disclosure of applications and invites public comments on acquisition standards, ensuring transparency in the regulatory process.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
This notice indicates forthcoming changes in bank control that may impact ownership and control of bank holding companies, especially for those involved in acquisitions. The requirement for comments provides a channel for stakeholder input, affecting regulatory compliance for interested parties.