28 Feb 2025
🏦Change in Bank Control Notices by Federal Reserve
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve System issued a notice inviting applications for acquiring shares of banks or holding companies under the Change in Bank Control Act. It outlines the requirements for public comment on these applications and emphasizes the importance of compliance with the regulatory framework. Comments will be publicly disclosed, necessitating careful consideration from interested parties.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice involves regulatory requirements for acquiring shares of banks or bank holding companies under the Change in Bank Control Act. Business owners and executives must comply with the application process and are allowed to express views, impacting their financial strategies and investment decisions.