Federal Reserve Demands Notice Before You Buy a Bank
Published Date: 4/18/2025
Notice
Summary
If you want to buy or control a bank or bank holding company, you need to tell the Federal Reserve and wait for their okay. People affected include anyone trying to buy big shares in banks, and they have until May 5, 2025, to send comments or objections. This keeps bank ownership clear and fair, with no surprise takeovers or secret deals!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Public comment window until May 5, 2025
If you are an interested person, you may send written comments on the bank-control applications; comments must be received by the Reserve Bank indicated or at the Board of Governors not later than May 5, 2025.
Comments become public records
Comments submitted on the applications will be subject to public disclosure and generally will be made available without change; do not include confidential or identifying information you do not want published.
Application materials available for inspection
The public portions of the applications and related filings are available for immediate inspection at the Federal Reserve Bank(s) indicated and at the Board of Governors, and may also be requested via the Board's FOIA process at https://www.federalreserve.gov/foia/request.htm.
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