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This Form 4 details changes in beneficial ownership for TowneBank, including transaction and securities information as required by the Securities Exchange Act.
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What is form 4 - fdic?
Form 4 - FDIC is a regulatory filing required by the Federal Deposit Insurance Corporation (FDIC) for certain financial institutions. It is used to report changes in control of an insured depository institution.
Who is required to file form 4 - fdic?
Any person or entity that seeks to acquire control of an insured depository institution must file Form 4 with the FDIC.
How to fill out form 4 - fdic?
Form 4 can be filled out by providing detailed information about the acquirer, the institution being acquired, the terms of the transaction, and any financial information required. Instructions are provided with the form.
What is the purpose of form 4 - fdic?
The purpose of Form 4 is to ensure that the FDIC can assess the financial condition and stability of prospective acquirers to protect depositors and maintain the integrity of the banking system.
What information must be reported on form 4 - fdic?
Form 4 requires reporting of personal and financial information about the acquirer, details about the institution being acquired, and the nature of the proposed acquisition.
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