12 CFR 225.41 - Transactions requiring prior notice

Cite as12 CFR 225.41
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2151 practice notes
6 cases
  • Bankamerica Corp. v. Board of Governors of Federal Reserve System, Nos. 77-3485
    • United States
    • United States Courts of Appeals. United States Court of Appeals (9th Circuit)
    • May 14, 1979
    ...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......
  • Levner v. Saud, No. 92 Civ. 7122 (LAP).
    • United States
    • United States District Courts. 2nd Circuit. United States District Courts. 2nd Circuit. Southern District of New York
    • October 17, 1994
    ...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......
  • In re Cole, No. 12–802.
    • United States
    • Court of Appeal of Louisiana (US)
    • December 26, 2012
    ...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 ......
  • Capstar Fin. Holdings, Inc. v. Gaylon M. Lawrence & the Lawrence Grp., No. 3:17-cv-01421
    • United States
    • United States District Courts. 6th Circuit. United States District Court of Middle District of Tennessee
    • September 24, 2018
    ...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
  • Does Dodd-Frank Contain a Virus for Private Equity Investments in Banks?
    • United States
    • JD Supra United States
    • October 28, 2010
    ...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......
  • Thrift Institutions After Dodd-Frank: The New Regulatory Framework
    • United States
    • Mondaq United States
    • December 13, 2011
    ...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......
  • The Federal Reserve Board's Proposed New Risk Management Requirements For Firms Requiring Enhanced Supervision
    • United States
    • Mondaq United States
    • October 30, 2012
    ...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......
  • Financial Services Alert: Developments of Note
    • United States
    • Mondaq United States
    • December 4, 2002
    ...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 ......

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