If I sell stock in a bank, does the president of the bank need to know for how much I sold it?
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The answer will depend on how closely held the bank is. In some smaller banks that have not yet listed their shares of stock on a regional or national stock exchange, trades are often facilitated by the bank's management. In those cases, the bank may learn of the trade price. In most cases, however, a trade can be completed without the bank learning of the price. All you really need is a willing buyer who will accept your guaranteed signature on a stock power (printed on the reverse of many shares or a separate form), which can be given to the bank or its transfer agent with the stock certificate to have the shares re-registered in the name of the purchaser.
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The answer will depend on how closely held the bank is. In some smaller banks that have not yet listed their shares of stock on a regional or national stock exchange, trades are often facilitated by the bank's management. In those cases, the bank may learn of the trade price. In most cases, however, a trade can be completed without the bank learning of the price. All you really need is a willing buyer who will accept your guaranteed signature on a stock power (printed on the reverse of many shares or a separate form), which can be given to the bank or its 