25 Feb 2025
🏦Change in Bank Control Notices and Acquisitions of Shares
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
This notice from the Federal Reserve System outlines applications under the Change in Bank Control Act, including procedures for public comment on share acquisitions in banks. It emphasizes the importance of compliance and transparency in the regulatory process for prospective acquirers. Interested parties have a specified deadline to submit comments on these applications.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The text discusses the Change in Bank Control Act, which has direct implications for business owners regarding share acquisitions in banks and bank holding companies. Business owners must be aware of the regulatory environment and compliance obligations when acquiring shares, as public comments regarding applications can affect their business plans.