Federal Reserve Probes Changes in Bank Control Notices
Published Date: 6/24/2025
Notice
Summary
If you want to buy or control shares in a bank or bank holding company, you need to tell the Federal Reserve and wait for approval. People affected include anyone trying to take over or keep control of bank shares, and the public can share their thoughts by July 9, 2025. This process helps keep banks safe and sound while making sure everyone plays fair with their money.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Notify Fed Before Buying Bank Control
If you want to buy or keep control of shares in a bank or a bank holding company, you must apply under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41) with the Federal Reserve. The Federal Reserve considers the standards in paragraph 7 of the Act when reviewing applications, and public portions of applications are available at the indicated Federal Reserve Bank and at the Board's offices.
Public Comment Deadline and Disclosure
Interested persons may submit written comments on these bank-control applications, and comments must be received by July 9, 2025, at the Reserve Bank listed or the Board of Governors. Comments are subject to public disclosure and generally will be made available without removing personal or business contact or identifying information, so you should not include confidential information in your submission.
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