Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company

Under the Bank Holding Company Act (BHC Act), any company, including a company organized under the laws of a foreign country, that seeks to acquire a U.S. bank or bank holding company must receive prior approval from the Board to do so. Applicants must provide financial and managerial information, discuss the competitive effects of the proposed transaction, and discuss how the proposed transaction would enhance the convenience and needs of the community to be served. The Federal Reserve uses the information to determine, in part, whether to approve the application and, subsequently, the information is used for the Federal Reserve’s supervisory responsibilities with respect to the foreign banking organization in the United States.

The latest form for Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company expires 2021-07-31 and can be found here.

Initial application

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight

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