Search Results for keywords:"mergers"

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Search Results: keywords:"mergers"

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  • 2021-00415 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 2416
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from several companies seeking approval to become bank holding companies or to acquire control over existing banks or bank holding companies. The applications are filed under the Bank Holding Company Act of 1956 and adhere to applicable regulations. Public comments on these applications must be submitted by February 10, 2021. The applications can be inspected at specified Federal Reserve Banks or the Board of Governors' offices, with further access available through their Freedom of Information Office.

    Simple Explanation

    The Federal Reserve is looking at requests from some companies that want to create new banks or take over other banks. People have until February 10, 2021, to say what they think about these requests.

  • 2025-03380 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:90 FR 11051
    Reading Time:about a minute or two

    The Federal Reserve System has announced a notice concerning several companies seeking approval to become bank holding companies or to acquire control of banks or bank holding companies. These applications are submitted under the Bank Holding Company Act and related regulations. The public can view the applications and related documents at specified Federal Reserve Banks and the Board of Governors' offices. Comments from the public are welcomed but must be submitted by April 2, 2025, and should not include any confidential information that shouldn't be publicly disclosed.

    Simple Explanation

    Some companies want to be bosses of banks, and they need permission to do that. The Federal Reserve is thinking about their requests, and people can say what they think until April 2, 2025.

  • 2025-03480 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:90 FR 11174
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain companies have applied for approval to form or acquire bank holding companies. These applications are compliant with the Bank Holding Company Act of 1956 and related regulations. Interested individuals can inspect the applications at specified Federal Reserve Banks or on the Federal Reserve's website. Comments on these applications must be submitted in writing by April 3, 2025, and will be publicly disclosed.

    Simple Explanation

    The Federal Reserve is letting people know that some businesses want to start or buy banks, and they can check these requests online or at certain places. People can also write their thoughts about these plans, which will be shared so everyone can see them, but they have to do it by April 3, 2025.

  • 2021-04141 — Combined Notice of Filings #1
    Type:Notice
    Citation:86 FR 11992
    Reading Time:about 2 minutes

    The Federal Energy Regulatory Commission received various filings related to electric corporate and rate matters. These include requests for authorization for mergers, tariff revisions, and rate application supplements from companies like Altamont Winds LLC and Indiana Crossroads Wind Farm LLC. Interested parties are invited to submit comments or intervene by specific dates. Instructions for accessing the filings and participation procedures are provided on the Commission's website.

    Simple Explanation

    The government is looking at some plans from different companies that want to change the wires and prices for electricity, and people can tell the government what they think about these plans.

  • 2024-28465 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:89 FR 96653
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain companies have applied for approval to become bank holding companies or to acquire ownership of existing banks or bank holding companies. Interested individuals can review these applications at Federal Reserve Banks or the Board of Governors' office and may submit comments on the applications by January 6, 2025. One specific transaction mentioned involves Atlantic Union Bankshares Corporation seeking to acquire Sandy Spring Bancorp, Inc., and its subsidiary, Sandy Spring Bank. Comments on these proposals are subject to public disclosure and should not include confidential information.

    Simple Explanation

    Some companies want to become part of a big bank family or buy other banks, and the people in charge say you can look at their plans and say what you think about them until January 6, 2025. Atlantic Union wants to buy a bank named Sandy Spring, and everyone can share their thoughts, but they need to remember that what they say will be visible to everyone.

  • 2021-03686 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 10966
    Reading Time:about a minute or two

    The Federal Reserve System has published a notice listing companies that have applied for approval to become bank holding companies or to acquire significant portions of existing bank holding companies, as per the Bank Holding Company Act. The notice invites public comments on these applications, which should be sent to the designated Federal Reserve Bank or the Board of Governors by March 25, 2021. Examples include the Banner County Ban Corporation Employee Stock Ownership Plan and Trust seeking to increase its stake in Banner County Ban Corporation, and Carpenter Acquisition Corporation aiming to become a bank holding company by acquiring First Colorado Financial Corp.

    Simple Explanation

    The Federal Reserve System is telling people about companies that want to be in charge of banks or own big parts of them. They want everyone to know about it and give their thoughts by March 25, 2021.

  • 2021-01690 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 7092
    Reading Time:about a minute or two

    The Federal Reserve System announced that several companies have applied for approval to become bank holding companies or to acquire control of banks or other bank holding companies, as per the Bank Holding Company Act of 1956. These applications, including one from St. Laurent Investments LLC to acquire People's Bank of Commerce in Oregon, are available for public inspection. Interested individuals can submit their comments by February 25, 2021. The applications can be reviewed at the respective Federal Reserve Banks and online for those seeking more information.

    Simple Explanation

    Some companies want to be in charge of banks or join up with other banks, and they asked for permission to do this. People can look at these requests and tell what they think until February 25, 2021.

  • 2021-03183 — Granting of Requests for Early Termination of the Waiting Period Under the Premerger Notification Rules
    Type:Notice
    Citation:86 FR 10077
    Reading Time:less than a minute

    The Federal Trade Commission (FTC) issued a notice about granting requests for early termination of the waiting period required under premerger notification rules. This process is part of the FTC's oversight of company mergers to ensure they do not lessen market competition. The contact for more information is Theresa Kingsberry at the FTC's Premerger Notification Office.

    Simple Explanation

    The Federal Trade Commission (FTC) is letting some companies skip a waiting period when they're merging so they can team up faster, while still making sure they don't make things unfair for other businesses and customers. If someone wants to know more about this, they can talk to a person named Theresa Kingsberry.

  • 2021-00184 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 1111
    Reading Time:about a minute or two

    The Federal Reserve System is considering applications from companies that want to become or acquire bank holding companies under the Bank Holding Company Act of 1956. The notice mentions that these applications are available for public review at the selected Federal Reserve Banks and online. Comments from the public regarding these applications must be submitted by February 8, 2021. An example applicant listed is Marathon MHC and Marathon Bancorp, Inc. from Wisconsin, which seeks to acquire Marathon Bank as part of a transition from a mutual to a stock form.

    Simple Explanation

    The people at the Federal Reserve are looking at companies that want to own banks. They are asking folks to share their thoughts by February 8, 2021, but it's not clear how that works.

  • 2021-02148 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 7869
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from companies seeking approval to become bank holding companies or to acquire assets or control of existing banks or bank holding companies. These applications are made under the Bank Holding Company Act of 1956, along with Regulation Y and other relevant laws. The public portions of these applications can be inspected at specified Federal Reserve Bank locations or online. Interested parties may submit their views in writing by March 4, 2021, regarding the standards outlined in the Act, especially concerning an application from VeraBank, Inc., in Henderson, Texas, to acquire Panola National Bank in Carthage, Texas.

    Simple Explanation

    The Federal Reserve System has received applications from companies that want to become bank bosses or buy other banks, and people can send in their thoughts about one of these applications by March 4, 2021.

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