28 Apr 2025
🏦Federal Reserve Notice on Change in Bank Control and Acquisitions
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 outlines the public's ability to comment on these applications and the relevant regulatory compliance expectations. Interested parties are urged to submit comments to the respective Federal Reserve Banks before specified deadlines.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
This notice details a change under the Change in Bank Control Act that affects the acquisition of shares in banks or bank holding companies. Business owners and executives must comply with regulatory notice requirements and understand potential implications of shareholder changes on their organizations.