Change in Bank Control Notices and Share Acquisitions
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice informs about applications submitted under the Change in Bank Control Act for acquiring shares in a bank or bank holding company. It affects individuals or entities wishing to acquire significant control in banks. Public feedback is open until late April 2026.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Notice about applications for share acquisition
- Public comment period open until April 2026
- Acquisition governed by Change in Bank Control Act
Obligations
What this law requires
Entities seeking to acquire shares of a bank or bank holding company must submit an application under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41) to the Federal Reserve System
Applicants must make public portions of their applications available for inspection at the appropriate Federal Reserve Bank and the Board of Governors offices
Interested persons may submit written comments on applications using the standards enumerated in paragraph 7 of the Change in Bank Control Act (12 U.S.C. 1817(j)(7))
All comments regarding Change in Bank Control applications must be received by the appropriate Federal Reserve Bank or Board of Governors by April 28, 2026
Commenters must not include confidential information, personal identifying information, or business information inappropriate for public disclosure in their submissions