28 Mar 2025
🏦Federal Reserve Notice on Bank Control Change and Acquisitions
Change in Bank Control Notices; Acquisitions of Shares of a Savings and Loan Holding Company
Summary
The Federal Reserve System has issued a notice regarding applications for acquiring shares of savings and loan holding companies under the Change in Bank Control Act. Public comments are invited concerning the applications, which are subject to disclosure, emphasizing the importance of transparency and regulatory compliance in financial acquisitions.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice pertains to changes in bank control regulations, impacting business acquisitions and mergers in the financial sector. Businesses may need to comply with the outlined requirements and engage in public comment, making this relevant for owners and executives considering acquisitions.