9 May 2025
🏦Change in Bank Control Notices
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve System issued a notice regarding the application process for acquiring shares of banks or bank holding companies under the Change in Bank Control Act. The notice details the public's ability to comment on these applications, emphasizing transparency and compliance with regulatory standards.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice pertains to acquisitions of bank shares under the Change in Bank Control Act, which has regulatory requirements for bank ownership changes. Compliance with these regulations is crucial for business owners and executives in the banking sector. The requirement for public comments involves stakeholders and may impact business control strategies.