Search Results for agency_names:"Federal Reserve System"

This document is a notice from the Federal Reserve System announcing that certain companies have applied to become bank holding companies or to acquire control over banks. The applications are being reviewed under the Bank Holding Company Act of 1956 and Regulation Y. The public can view the details of these applications and submit written comments, which will be publicly disclosed. One such application is from Centreville, MHC, in West Warwick, Rhode Island, seeking to acquire Centreville Bank.

The Federal Reserve System has received applications from the individuals and trusts of the Maifeld Family to acquire shares in Clarkel, Inc., and indirectly Iowa State Bank in Clarksville, Iowa. This action is part of a process under the Change in Bank Control Act, which involves evaluating specific factors before approval. The public can access details about these applications at certain Federal Reserve Bank locations and online. Interested parties are invited to submit written comments on the applications, which are due by May 2, 2025, and these comments will be publicly available.

In a notice from the Federal Reserve System, several companies applied to become bank holding companies or to acquire banks or bank holding companies. These applications are in accordance with the Bank Holding Company Act of 1956 and the regulations included. The public can inspect the applications and related files at designated Federal Reserve Banks and the Board of Governors' offices. Comments on the applications are invited from the public and must be submitted by January 13, 2025, with all responses being subject to public disclosure.

The Federal Reserve System has received applications from several parties, known collectively as The Stilwell Group, which includes Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., Stilwell Partners, L.P., and Joseph D. Stilwell. These parties are seeking approval to buy shares in IF Bancorp, Inc., and consequently in Iroquois Federal Savings and Loan Association, both located in Watseka, Illinois. The public is invited to comment on these applications by April 14, 2025, and comments will be made publicly available. Applications and related documents can be reviewed at the indicated Federal Reserve Banks or obtained via the Federal Reserve's Freedom of Information Office.

The Federal Reserve System has received applications from several trusts and individuals who want to acquire shares of Berco, Inc., which controls The Bennington State Bank in Salina, Kansas. The applicants, acting as the Berkley Family Group, aim to retain voting shares of the bank. The public can view these applications at the specified Federal Reserve Bank and submit comments by April 7, 2025. Comments are subject to public disclosure and should not contain confidential information.

The Federal Reserve System has announced that certain companies are seeking approval to become bank holding companies or to acquire control of banks or bank holding companies. These applications are open for public inspection and comment. For example, Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan intends to acquire 19.34% of Community Bancshares of Mississippi, Inc. Interested parties must submit their comments by March 18, 2021.

The Board of Governors of the Federal Reserve System is inviting public comments on a proposal to introduce new Discrimination Complaint Forms (FR 1413). These forms will help individuals file discrimination complaints if they believe they were treated unfairly while applying for jobs or after leaving employment at the Board. Comments must be submitted by February 4, 2025, and aim to understand the necessity, burden, and clarity of the proposed information collection. This process is part of the agency's obligations under the Paperwork Reduction Act, which requires comments to be considered before finalizing the proposal.

The Board of Governors of the Federal Reserve System has agreed to continue, for three more years, the existing disclosure requirements related to the Consumer Financial Protection Bureau's Regulation DD, without making any changes. These requirements involve financial institutions providing specific account information, including fees and terms, to help consumers make informed decisions when comparing deposit accounts. Though the Board requested public comment on this extension, only one comment was received, which did not pertain to the matter at hand. The Board officially adopted this extension as initially proposed.

The Federal Reserve Board is seeking public comments on a proposal to extend an application process for three years. This application is for entities that want to become savings and loan holding companies or acquire savings associations. The public is invited to provide feedback on the necessity and efficiency of the information collection process, ways to improve it, and how to minimize the burden on those who need to fill it out. The deadline for submitting comments is February 4, 2025.

The Board of Governors of the Federal Reserve System has decided to continue the Federal Reserve Payments Study (FR 3066) for another three years without making any changes. This study helps estimate the number and value of cash and non-cash payments in the U.S. from different sources. The Board received a supportive comment from an industry association and plans to publish results in stages to ensure quality and reliability. The detailed results help policymakers, the industry, and the public understand payment activities in the country.