Federal Reserve System Announces Public Comment Period for Nonbanking Activities Proposal
May 06, 2025
May 06, 2025
WASHINGTON, May 6 (TNSFR) -- The Federal Reserve System has announced a notice regarding proposals from companies seeking to engage in or acquire companies involved in permissible nonbanking activities.
This notice comes under Section 4 of the Bank Holding Company Act (BHC Act) and Regulation Y, which allows bank holding companies to engage in nonbanking activities deemed closely related to banking.
The notice specifically concerns Community Bankshares, Inc., based in . . .
This notice comes under Section 4 of the Bank Holding Company Act (BHC Act) and Regulation Y, which allows bank holding companies to engage in nonbanking activities deemed closely related to banking.
The notice specifically concerns Community Bankshares, Inc., based in . . .