12 CFR 225.41 - Transactions requiring prior notice
| Cite as | 12 CFR 225.41 |
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2155 practice notes
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Enhanced Prudential Standards for Bank Holding Companies and Foreign Banking Organizations
...the previous three years; (ii) is not a member of the immediate family, as defined in section 225.41(b)(3) of the Board's Regulation Y (12 CFR 225.41(b)(3)), of a person who is, or has been within the last three years, an executive officer of the company, as defined in section 215.2(e)(1) o......
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Part II
...Licensing Manual to address the process by which an applicant can rebut this presumption.\34\ \34\ See 12 CFR 574.4 (OTS) and 12 CFR 225.41(b)(3) and 225.41(d) (Federal Reserve The proposed rule also made two amendments to Sec. 5.50 to implement provisions of the FSRRA. We received no comme......
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Filing Requirements and Processing Procedures for Changes in Control With respect to State Nonmember Banks and State Savings Associations
...\12\ 12 CFR part 391, subpart E, entitled Acquisitions of Control of State Savings Associations. \13\ 12 CFR 5.50 et seq. (OCC) and 12 CFR 225.41-43 (Board of Proposed Rule Section 303.80 Scope The scope of the proposed rule makes it clear that subpart E of part 303 would apply to acquisiti......
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Filing Requirements and Processing Procedures for Changes in Control With Respect to State Nonmember Banks and State Savings Associations
...\12\ 12 CFR part 391, subpart E, entitled Acquisitions of Control of State Savings Associations. \13\ 12 CFR 5.50 et seq. (OCC) and 12 CFR 225.41-.43 (Board of Proposed Rule On November 25, 2014, the FDIC published the NPR, which proposed amending the FDIC's filing requirements and processi......
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6 cases
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Bankamerica Corp. v. Board of Governors of Federal Reserve System, Nos. 77-3485
...basis. By regulation, the Board has delegated the power to approve such nonbanking activities to individual Federal Reserve Banks. 12 C.F.R. §§ 225.41(b)(1) and 265.2(f)(20)(i). BankAmerica is headquartered in San Francisco; so the Federal Reserve Bank of San Francisco passed upon and appro......
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Levner v. Saud, No. 92 Civ. 7122 (LAP).
...would not require either Board approval or the prior filing of a Notice of Change in Bank Control, pursuant to 12 U.S.C. § 1817(j)) and 12 C.F.R. 225.41 ("Notice"). (Pax Decl., Ex. 6.) In making its determination, the Board considered the limitations placed on Alwaleed's actions pursuant to......
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In re Cole, No. 12–802.
...which govern the transfer of a controlling interest in a bank holding company. More specifically, she argues that, pursuant to 12 C.F.R. 225.41(a), the parties are required to give the Federal Reserve Board sixty days written notice before acquiring control of a bank holding company unless ......
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Capstar Fin. Holdings, Inc. v. Gaylon M. Lawrence & the Lawrence Grp., No. 3:17-cv-01421
...control, or hold the power to vote on a greater percentage of that class of voting securities immediately after the transaction." 12 C.F.R. § 225.41(c)(2). The Change in Bank Control Act gives district courts limited jurisdiction over purchasers of securities. It gives district courts the p......
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4 firm's commentaries
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Does Dodd-Frank Contain a Virus for Private Equity Investments in Banks?
...register as a holding company, the transaction is exempt from the requirements of the CBCA. 6 See, e.g., 12 C.F.R. § 303.82(b)(2) and 12 C.F.R. §225.41(b). 7 See, e.g., 12 C.F.R. § 303.82(e). 8 12 U.S.C. § 1813(c). 9 12 U.S.C. § 1817(j)18(A) and (B). 10 The principles underlying these passi......
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Thrift Institutions After Dodd-Frank: The New Regulatory Framework
...that acquires 10 percent or more but less than 25 percent of such voting stock to rebut control, rather than file the notice, 12 C.F.R. § 225.41(c), but in practice it can be difficult to rebut control successfully and most such investors file the 8 The policy statement is at 12 C.F.R. § 22......
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The Federal Reserve Board's Proposed New Risk Management Requirements For Firms Requiring Enhanced Supervision
...three years; and ii. Is not a member of the immediate family, as defined in section 225.41(a)(3) of the Federal Reserve's Regulation Y (12 CFR 225.41(a)(3)), of a person who is, or has been within the last three years, an executive officer of the company, as defined in section 215.2(e)(1) o......
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Financial Services Alert: Developments of Note
...or family taken together may be considered a "customer," so long as they satisfy the definition of "immediate family" set forth at 12 C.F.R. 225.41(b) and res ide at the same address. The interpretation notes that such anaggregation would make it easier to receive favorable pricing on bank ......