24 Jun 2025
🏦Overview of Bank Control Changes and Regulatory Compliance
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve System announces changes regarding bank control notices and acquisitions of shares. Notificants are required to apply under the Change in Bank Control Act, with public comments welcomed on the proposed acquisition of shares in banking institutions. The document emphasizes the importance of transparency and public engagement throughout the process.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The document outlines the process for acquiring shares of banks and holding companies, including public comment opportunities on such acquisitions. Business owners must comply with regulatory requirements and understand the implications of change in control over banking entities, directly affecting their financial operations.