Expansion

(Section 3(a)(3) / 3(a)(5) 

The acquisition of additional banks and/or BHCs by an existing BHC that is well capitalized and well managed.

Sections 225.11-225.14 and 225.16 of Regulation Y. 

Local newspapers

The Federal Reserve also will publish a notice in the Federal Register 

Form FR Y-3– Application for Prior Approval to Become a BHC, or for a BHC to Acquire an Additional Bank or BHC

Five (5) business days after the end of the last comment period

If an institution does not meet the above processing requirements (Section 225.14(c)), the application will be processed as follows:

Reserve Bank processed filings – 30 calendar days after receipt or 5 business days after the end of the latest comment period

Board processed filings – 60 days after receipt unless applicant is otherwise notified