13 Mar 2025
🏦Change in Bank Control Notices and Share Acquisitions Overview
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Summary
The Federal Reserve System issued a notice regarding applications under the Change in Bank Control Act, detailing factors for acquisition of bank shares. The public can comment on these applications, which will be disclosed without modifications to personal information. Interested parties must submit comments by the specified deadline for each Federal Reserve Bank.
Agencies
- Federal Reserve System
Business Impact
$$$ - High
This notice relates to the Change in Bank Control Act and its requirements for acquiring shares of banks. It entails compliance and regulatory requirements for business owners and executives involved in acquisitions, potentially affecting ownership structures in banking institutions.