19 May 2025
🏦Federal Reserve Notice on Bank Control and Acquisition Requirements
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve System has issued a notice detailing applications under the Change in Bank Control Act for acquiring bank shares. Interested parties can submit comments on related regulations, with guidance on where and how to express their views. The notice outlines the processes for public disclosure and compliance in such acquisitions.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice involves regulatory requirements related to the acquisition of shares in banks, which is crucial for business owners and executives considering such acquisitions. Understanding compliance standards outlined in the Change in Bank Control Act is essential for strategic business decisions.