🏦Regulatory Notice on Savings and Loan Holding Company Transactions
Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies
Summary
The Federal Reserve Board has issued a notice concerning applications for the formation, acquisition, and merger of savings and loan holding companies. The public is invited to review applications and submit comments on their compliance with regulatory standards as outlined in the Home Owners' Loan Act. This notice details ongoing regulatory processes regarding specific financial institutions.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice outlines the process for forming, acquiring, or merging savings and loan holding companies, governed by HOLA and associated regulations. Business owners and executives engaged in these activities must comply with regulatory standards and timelines, affecting their operational strategies and financial maneuvers related to acquisitions.