24 Feb 2025
🏦Change in Bank Control Notices and Acquisitions of Bank Shares
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve announces criteria for Change in Bank Control Notices related to bank share acquisitions, emphasizing the importance of transparency and public comment on these applications. Interested parties can access filings and provide feedback by specific deadlines, ensuring regulatory compliance is maintained among stakeholders in the banking sector.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The text outlines requirements for notifying the Federal Reserve regarding bank control changes, which is crucial for bankers and executives to understand compliance and procedural obligations linked to acquisitions. Failing to adhere could result in regulatory repercussions.