Fed Reviews Proposed Bank Share Purchases for Stability
Published Date: 1/28/2025
Notice
Summary
If you want to buy big shares in a bank or a bank holding company, you need to tell the Federal Reserve first. This notice lists folks applying to do just that and invites the public to share their thoughts by February 12, 2025. It’s all about keeping bank ownership clear and fair, so everyone knows who’s in charge and when changes happen.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Public Comment Window and Disclosure
The Federal Reserve is inviting written comments on listed bank-control applications; comments must be received by February 12, 2025. Comments are subject to public disclosure and will generally be made available without change, so do not include confidential or identifying information in your submission.
Public Access to Application Files
Public portions of these Change in Bank Control applications are available for immediate inspection at the Federal Reserve Bank(s) named in the notice and at the Board of Governors' offices; you can also request materials via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. Interested persons may contact the indicated Reserve Bank for expedited access.
Named Acquisition Application: Anchor Bank
Anchor Bank Irrevocable Trust (trustee Guido E. Hinojosa Cardoso, La Paz, Bolivia) filed to join the Hinojosa Control Group to acquire voting shares of Anchor Bancorp Inc. and thereby indirectly acquire Anchor Bank of Palm Beach Gardens, Florida; the public may submit comments on this application by February 12, 2025 to the Federal Reserve Bank of Atlanta or the Board of Governors.
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