Federal Reserve Board Issues Interim Final Rule Expanding the Applicability of the Board’s Small Bank Holding Company Policy Statement


On August 28, 2018, the Federal Reserve Board published “an interim final rule expanding the applicability of the Board’s small bank holding company policy statement[.]” The interim final rule affects the rules governing “the transfer of ownership of small community banks[.]” Once published in the Federal Register, the interim final rule will be in effect and comments will be allowed for 30 days. Press Release.