Fed Reminds Bank Buyers: Get Approval or Else
Published Date: 2/24/2025
Notice
Summary
Some families and groups want to buy or keep shares in banks, and the Federal Reserve is checking their applications to make sure everything’s fair and safe. If you want to share your thoughts, you have until March 11, 2025, to speak up. This process helps keep banks strong and protects your money!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
You can comment on bank control filings
If you want to express your views on the listed bank-control applications, you may send written comments to the indicated Federal Reserve Bank or to the Board of Governors (Ann E. Misback, Secretary) at 20th Street and Constitution Avenue NW, Washington, DC 20551-0001. Comments must be received not later than March 11, 2025.
Comments will be publicly disclosed
Comments you submit on these applications are subject to public disclosure and generally will be made available without change, including personal or business contact information. The notice warns you not to include confidential information in your comments.
Filings available for inspection and FOIA requests
The public portions of the bank-control applications and related filings are available for immediate inspection at the listed Federal Reserve Bank(s) and at the Board of Governors' offices, and may be obtained on an expedited basis by contacting the appropriate Reserve Bank or the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
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