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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System

Electronic Applications and Applications Filing Information

Federal Reserve Bank of New York Newspaper Notice


Notice of Change in Control of a State Member Bank or Bank Holding Company

(Name, city and state of each notificant) intends to apply to the Federal Reserve Board for permission to (acquire/retain) (10 percent or more/25 percent or more) of the shares and thereby control of (name of bank or bank holding company and location of head office). ((Banking holding company) controls (name and head office locations of subsidiary banks).) The Federal Reserve considers a number of factors in deciding whether to approve the notice.

You are invited to submit comments in writing on this notice to the Federal Reserve Bank of New York, Attention: Bank Applications Officer, 33 Liberty Street, New York, NY 10045, or via email: comments.applications@ny.frb.org. The comment period will not end before (insert date-must be no less than 20 days from date of notice) and may be somewhat longer. The Board's procedures for processing applications may be found at 12 C.F.R. Part 262.25. If you need more information about how to submit your comments on the notice or to obtain copies of relevant procedures, contact Mr. Ivan J. Hurwitz, Vice President, Bank Applications Function, (212) 720-5885. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the notice if they are received in writing by the Reserve Bank on or before the last day of the comment period.

Instructions

Acquiring parties must publish an announcement of their proposed acquisition in the above prescribed form. The announcement may be published no earlier than 15 calendar days prior to the date the Reserve Bank receives the change in control notification and no later than 10 calendar days after the filing date. For a change in control of a bank holding company, the announcement must be published in a newspaper of general circulation in the community in which the head office of the company to be acquired is located, plus each community in which the head office of a bank subsidiary is located. For a change in control of a state member bank, the announcement must be published in the community in which the head office of the bank is located. The announcement need be published only once in each newspaper, providing a period for public comment extending at least 20 days after the publication date. A publisher's affidavit from each newspaper should be forwarded with the change in control notice or as soon thereafter as possible.

The Federal Reserve must also publish an announcement of the proposed acquisition in the Federal Register, allowing for a 15-day comment period. Acquirers may submit a request, including the specific information shown above, to the Reserve Bank to arrange for this publication no earlier than 15 calendar days prior to the date the change in control notification is filed. Otherwise, the Reserve Bank will arrange for the publication upon receipt of the filing.


Notice of Application/Notice for (Formation of Bank Holding Company) or (Acquisition of a Bank by a Bank Holding Company) or (Merger of Bank Holding Companies)1 

(Name and location of head office) intends to apply to the Federal Reserve Board for permission to (form a bank holding company with respect to) (acquire a bank,) (acquire/merge with another bank holding company,) (name and location of head office). We intend to acquire control of (name of bank (and thrift, if any) and location of head office). The Federal Reserve considers a number of factors in deciding whether to approve the application/notice including the record of performance of banks we own in helping to meet local credit needs.

You are invited to submit comments in writing on this application/notice to the Federal Reserve Bank of New York, Attention: Bank Applications Officer, 33 Liberty Street, New York, NY 10045, or via email: comments.applications@ny.frb.org. The comment period will not end before (insert date-must be no less than 30 days from date of notice) and may be somewhat longer. The Board's procedures for processing applications/notices may be found at 12 C.F.R. Part 262. Procedures for processing protested applications/notices may be found at 12 C.F.R. 262.25. If you need more information about how to submit your comments on community affairs aspects of the application/notice or to obtain copies of relevant procedures contact Ms. Kausar Hamdani, Community Affairs, (212) 720-8258; other questions, including those relating to general procedures, should be directed to Mr. Ivan J. Hurwitz, Vice President, Bank Applications Function, (212) 720-5885. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the application/notice if they are received in writing by the Reserve Bank on or before the last day of the comment period.

Instructions

The applicant must publish notice of its proposal in the above prescribed form in newspapers of general circulation in the communities served by the head office of the applicant or its lead bank, and each bank to be directly or indirectly acquired. The notice must be published no earlier than 15 calendar days prior to the date the Reserve Bank receives the application and no later than 7 calendar days after the filing date. The notice appearing in a particular newspaper need be published only once, providing a period for public comment extending at least 30 days after the date of publication. A publisher's affidavit from each newspaper should be forwarded with the formal application or as soon as possible thereafter. An application cannot be considered informationally complete without the necessary affidavits.

The Federal Reserve must also publish notice of bank holding company proposals in the Federal Register, allowing for up to a 30-day comment period.2 Applicants may submit a request, including the specific information shown above, to the Reserve Bank to arrange for this publication no earlier than 15 calendar days prior to the date the application is filed. Otherwise, the Reserve Bank will arrange for the publication upon receipt of the filing.

1. No publication is required for bank holding company formation notifications filed under section 225.17 of Regulation Y, involving corporate reorganizations. Return to text.
2. Although they are not published in local newspapers, certain proposals to engage in nonbank activities must be published in the Federal Register. This requirement is limited to non-expedited applications for nonbank activities. Return to text.

Notice of Application for (Merger of Banks) or (Purchase of Assets and Assumption of Liabilities of a Bank)

(Name and location of head office) intends to apply to the Federal Reserve Board for permission to (merge with) (purchase the assets and assume the liabilities of (a branch, located at [address]), of) (name and location of head office). The Federal Reserve considers a number of factors in deciding whether to approve the application, including the record of performance of applicant banks in helping to meet local credit needs.

You are invited to submit comments in writing on this application to the Federal Reserve Bank of New York, Attention: Bank Applications Officer, 33 Liberty Street, New York, NY 10045, or via email: comments.applications@ny.frb.org. The comment period will not end before (insert date-must be no less than 30 days from date of first notice). The Board's procedures for processing applications may be found at 12 C.F.R. Part 262. Procedures for processing protested applications may be found at 12 C.F.R. 262.25. If you need more information about how to submit your comments on community affairs aspects of the application or to obtain copies of relevant procedures contact Ms. Kausar Hamdani, Community Affairs, (212) 720-8258; other questions, including those relating to general procedures, should be directed to Mr. Ivan J. Hurwitz, Vice President, Bank Applications Function, (212) 720-5885. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the application if they are received in writing by the Reserve Bank on or before the last day of the comment period.

Instructions

The applicant must publish notice of its proposal in the above prescribed form in newspapers of general circulation in the communities served by the head offices of the merging banks. The notice must be published at least three times on the same day of two consecutive weeks and no later than the last day of the comment period, which date must be at least 30 days after the first publication date. The application should be submitted to the Reserve Bank within 7 calendar days after the first publication. The applicant is not required to publish in every community where a branch might operate as a result of the transaction.

A publisher's affidavit from each newspaper should be forwarded with the formal application or as soon as possible thereafter. An application cannot be considered informationally complete without the necessary affidavits.


Notice of Application to Establish a Branch of a State Member Bank

(Name and location of head office) intends to apply to the Federal Reserve Board for permission to establish a branch at (location). The Federal Reserve considers a number of factors in deciding whether to approve the application including the record of performance of applicant banks in helping to meet local credit needs.

You are invited to submit comments in writing on this application to the Federal Reserve Bank of New York, Attention: Bank Applications Officer, 33 Liberty Street, New York, NY 10045, or via email: comments.applications@ny.frb.org. The comment period will not end before (insert date-must be no less than 15 days from date of notice). The Board's procedures for processing applications may be found at 12 C.F.R. Part 262. Procedures for processing protested applications may be found at 12 C.F.R. 262.25. If you need more information about how to submit your comments on community affairs aspects of the application or to obtain copies of relevant procedures contact Ms. Kausar Hamdani, Community Affairs, (212) 720-8258; other questions, including those relating to general procedures, should be directed to Mr. Ivan J. Hurwitz, Vice President, Bank Applications Function, (212) 720-5885. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the application if they are received in writing by the Reserve Bank on or before the last day of the comment period.

Instructions

The applicant must publish notice of its proposal in the above prescribed form in newspapers of general circulation in the communities served by the head office of the bank and the branch office to be established. The notice need be published only once, providing a period for public comment extending at least 15 days after the date of publication. The notice must be published no more than 7 calendar days before and no later than the calendar day on which the Reserve Bank receives the application.

A publisher's affidavit from each newspaper should be forwarded with the formal application or as soon as possible thereafter. An application cannot be considered informationally complete without the necessary affidavits.

If the establishment of a branch is part of a bank merger or purchase of assets/assumption of liabilities transaction, the applicant should follow the instructions for Notice of Application for (Merger of Banks) or (Purchase of Assets and Assumption of Liabilities of a Bank. The applicant is not required to publish in each community where a branch would be located.


Last update: October 18, 2012