Legal Interpretations
Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2025 Letters
August 22, 2025 (PDF)
Letter to Brad Mirakian, Esq., granting a request by INTRUST Financial Corporation, Wichita, Kansas, for a general exemption pursuant to the Depository Institution Management Interlocks Act and the Board's Regulation L to permit Dr. Stephen W. Hawks to become a director of INTRUST Financial Corporation while at the same time serving as a director of First Financial Corporation and of IMPACT Bank, both of Wellington, Kansas.
February 28, 2025 (PDF)
Letter to Thomas Delaney granting requests by Niedersachsen Invest GmbH and Hannoversche Beteiligungsgesellschaft Niedersachsen mbH, each of Hannover, Germany, for (1) exemptions under section 4(c)(9) of the Bank Holding Company Act (12 U.S.C. section 1843(c)(9)) from the nonbanking restrictions of the Act, and (2) permission to comply with the enhanced prudential standards of the Board’s Regulation YY through a subsidiary.
February 28, 2025 (PDF)
Letter to Thomas Delaney advising that staff would not recommend that the Board take action to require Niedersachsen Invest GmbH and Hannoversche Beteiligungsgesellschaft Niedersachsen mbH, each of Hannover, Germany, to comply with certain regular reporting, capital, filing, and other requirements of the Bank Holding Company Act and the Board’s regulations in connection with their ownership interests in Norddeutsche Landesbank Girozentrale, Hannover, Germany.
February 28, 2025 (PDF)
Letter to Marina Olman-Pal, Esq., opining that no regulatory purpose would be served by requiring Hope Bancorp, Inc., Los Angeles, California, a bank holding company, to file a notice under section 4 of the Bank Holding Company Act, to acquire Territorial Bancorp, Inc., a savings and loan holding company and its wholly-owned state member savings association subsidiary, Territorial Savings Bank, both of Honolulu, Hawaii.
February 12, 2025 (PDF)
Letter to Greyson E. Tuck, Esq., of the Board's determination not to disapprove the notice filed under the Change in Bank Control Act of 1978 by persons and entities associated with the Fleming Family Control Group, a group acting in concert, to retain 50.07 percent of the voting shares of Country Bancorp, Inc., thereby indirectly retaining voting shares of Bank of Hillsboro, National Association, both of Hillsboro, Illinois.