Fed Scrutinizes Bank Buyouts: Public Comments Due July 16
Published Date: 7/1/2025
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 increase their stake in a bank. You’ve got until July 16, 2025, to send your comments, so don’t miss the deadline if you want your voice heard!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Must Notify Fed Before Buying Bank Shares
If you plan to buy or increase control of shares in a bank or a bank holding company, you must notify the Federal Reserve and wait for its approval under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y Sec. 225.41 (12 CFR 225.41). The rule applies to anyone trying to take over or increase their stake in a bank.
Public Comments Must Arrive by July 16, 2025
If you want to comment on one of these bank-control applications, your written comments must be received by the Federal Reserve Bank listed for the application or by the Board of Governors (Ann E. Misback) not later than July 16, 2025. Comments are subject to public disclosure and will generally be made available without change, so do not include confidential or identifying information you do not want published.
Public Access to Application Filings
The public portions of these change-in-control applications are available for immediate inspection at the Federal Reserve Bank(s) listed and at the Board of Governors. You can also request the information 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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