2 Jun 2025
🏦Overview of Change in Bank Control Notices 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 changes in bank control, detailing the application process for acquiring shares of banks or bank holding companies. Interested parties can contribute comments on these applications, which will be publicly disclosed, ensuring transparency in the acquisition process. The notice outlines the compliance requirements under the Change in Bank Control Act.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The content outlines regulatory changes affecting bank ownership, requiring potential acquirers to navigate compliance with the Change in Bank Control Act. This can significantly impact business owners seeking to acquire banks, impacting financial stability and governance considerations.