Formations, Acquisitions, and Mergers of Bank Holding Companies
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice outlines the process for bank holding companies to seek approval from the Federal Reserve Board to form, acquire, or merge with other banks or bank holding companies. It impacts financial institutions looking to expand and requires them to submit applications for review. Public comments on these applications are welcomed and must be submitted by the specified deadline.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Allows bank holding companies to apply for mergers and acquisitions.
- Public comments on applications are invited.
- Applications must be submitted by May 11, 2026.
Obligations
What this law requires
Bank holding companies must submit an application to the Federal Reserve Board for approval to form, acquire, or merge with other banks or bank holding companies pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) and Regulation Y (12 CFR part 225)
Applicant bank holding companies must make public portions of their applications and related filings available for inspection at the appropriate Federal Reserve Bank and at the offices of the Board of Governors
The Federal Reserve Board must accept written comments from interested persons on applications for bank holding company formation, acquisition, or merger based on the standards enumerated in 12 U.S.C. 1842(c)
Comments on bank holding company applications must be received by the specified Reserve Bank or Board of Governors offices no later than May 11, 2026
Commenters must not include confidential information or business information inappropriate for public disclosure, as all comments received are subject to public disclosure without modification