Fed Seeks Comments on Bank Ownership Changes by March
Published Date: 2/25/2025
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 planning to take over or increase control of a bank’s shares. You’ve got until March 12, 2025, to send in 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 to buy bank shares
If you want to buy or take control of shares in a bank or bank holding company, you must file a notice with the Federal Reserve under the Change in Bank Control Act and Regulation Y and wait for the Board's action. Interested parties may submit comments on applications, and comments for these listings must be received by March 12, 2025.
Comments will be publicly disclosed
If you send written comments about a bank control application, the Federal Reserve will generally make those comments public and will not remove personal or business identifying information. Do not include confidential information in your submission; comments must be received by March 12, 2025 at the Reserve Bank listed or the Board of Governors.
Public access to application files and FOIA
The public portions of change-in-control applications are available for inspection at the Federal Reserve Bank(s) listed and at the Board of Governors, and you can request information via the Board's FOIA office at https://www.federalreserve.gov/foia/request.htm. This lets interested persons review filings about proposed acquisitions of bank or bank holding company shares.
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Key Dates
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