Change in Bank Control definition

Change in Bank Control means the sale, transfer, lease or conveyance by the Company, or an issuance of stock by the Bank, in either case resulting in ownership by the Company of less than 80% of the Bank.
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Change in Bank Control means the sale, transfer, lease or conveyance by the Company, or an issuance of equity securities by the Bank other than to the Company, in either case resulting in ownership by the Company of less than 50% of the Bank.
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Change in Bank Control means the sale, transfer, lease or conveyance by the Company, or an issuance of stock by the Bank, in either case resulting in ownership by the Company of securities that provides it with less than 80% of the Bank’s outstanding voting equity securities, calculated on the basis of voting power.
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Examples of Change in Bank Control in a sentence

  • The Bank Holding Company Act of 1956 and the Change in Bank Control Act each govern acquisition of control of bank holding companies.

  • FEDERAL RESERVE SYSTEMChange in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding CompanyThe notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and§ 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company.

  • Purchaser understands and acknowledges that: (i) the Company is a registered bank holding company under the BHCA, and is subject to regulation by the FRB; (ii) acquisitions of interests in bank holding companies are subject to the BHCA and the Change in Bank Control Act (the “CIBCA”) and may be reviewed by the FRB to determine the circumstances under which such acquisitions of interests will result in Purchaser becoming subject to the BHCA or subject to the prior notice requirements of the CIBCA.

  • For specific publication re- quirements, consult subparts B (De- posit Insurance), C (Branches and Relo- cations), D (Merger Transactions), E (Change in Bank Control), and J (Inter- national Banking) of this part.

  • For so long as BlackRock shall be deemed a subsidiary of Xxxxxxx Xxxxx for purposes of the Home Owners Loan Act or Change in Bank Control Act, Xxxxxxx Xxxxx shall have appropriate coordination rights with respect to holdings of voting shares of savings and loan holdings companies, savings associations, banks and bank holding companies.

  • Tribble Family Group, a group acting inconcert, to retain voting shares ofThe public portions of the applications listed below, as well asFEDERAL RESERVE SYSTEMChange in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding CompanyThe notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and§ 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company.

  • On page 68189, in the secondcolumn, in the third through fifth lines,FEDERAL RESERVE SYSTEMChange in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding CompanyThe notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and§ 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company.

  • To revoke acceptance of and return as incomplete a notice filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) or to extend the time during which action must be taken on a notice where the General Counsel determines, with the concurrence of the Director of the Divi- sion of Banking Supervision and Regu- lation, that the notice is materially in- complete under that Act or Regulation Y (12 CFR part 225) or contains mate- rial information that is substantially inaccurate.(4) Tax certifications.

  • The applications also will bepromotions, assignments, reassignments, and salary actions)FEDERAL RESERVE SYSTEMChange in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding CompaniesThe notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and§ 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company.

  • To waive, dis- pense with, modify or excuse the fail- ure to comply with the requirement for publication and solicitation of public comment regarding a notice filed under the Change in Bank Control Act (12U.S.C. 1817(j)), with the concurrence of the Board’s General Counsel, provided a written finding is made that such dis- closure would seriously threaten the safety or soundness of a bank holding company or a bank.(4) Notices for addition or change of di- rectors or officers.


More Definitions of Change in Bank Control

Change in Bank Control means the sale, transfer, lease or conveyance by the Company, or an issuance of stock by the Bank, in either case resulting in ownership by the Company of securities that provides it with less than 80% of the Bank’s outstanding voting equity securities, calculated on the basis of voting power; provided, that, a merger of the Company or the conveyance, transfer or lease of all or substantially all of the Company’s properties and assets shall not constitute a Change in Bank Control so long as the Company satisfies the conditions set forth in Section 7(b).
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Change in Bank Control means the sale, transfer, lease or conveyance by the Company, or an issuance of equity securities by any Bank other than to the Company, in either case resulting in ownership by the Company of less than 50% of any Bank.
Sample 1
Change in Bank Control means the sale, transfer, lease or conveyance by the Company, or an issuance of stock by the Bank, in either case resulting in ownership by the Company of securities that provides it with less than 80% of the Bank’s outstanding voting equity securities, calculated on the basis of voting power; provided, that, a merger of the Company or the conveyance, transfer or lease of all or substantially all of the Company’s properties and assets shall not constitute a Change in Bank Control so long as the Company satisfies the conditions set forth in Section 7(b).
Sample 1
Change in Bank Control means the sale, transfer, lease or conveyance by the Company, or an issuance of equity securities by any Bank other than to the Company, in either case resulting in ownership by the Company of less than 50% of any Bank.
Sample 1

Related to Change in Bank Control

  • Change of Control Event means the occurrence of an event or series of events whereby one or more Persons, acting together, acquire control over the Issuer and where “control” means (a) acquiring or controlling, directly or indirectly, more than fifty (50.00) per cent. of the voting shares of the Issuer, or (b) the right to, directly or indirectly, appoint or remove the whole or a majority of the directors of the board of directors of the Issuer.

  • Parent Company means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

  • Change of Control means the occurrence of any of the following: