Search Results for citation:"86 FR 11530"

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Search Results: citation:"86 FR 11530"

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  • 2021-03843 — Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
    Type:Notice
    Citation:86 FR 11530
    Reading Time:about a minute or two

    The Federal Reserve System has published a notice listing companies that wish to engage in or acquire nonbanking activities as allowed under the Bank Holding Company Act and Regulation Y. Interested individuals can view the applications at the Federal Reserve Banks or online, and can submit their written opinions on whether the proposals meet the required standards by March 12, 2021. One specific request comes from Hazen Bancorporation, Inc. in North Dakota, aiming to engage in data processing services through subsidiaries. The public can access more information or express their views through the provided contact details.

    Simple Explanation

    The Federal Reserve has a list of companies that want to do some new business activities, and people can share their thoughts about these plans by March 12, 2021. One company from North Dakota wants to help with computer services, and everyone can learn more or tell what they think about it.

  • 2021-03841 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:86 FR 11530
    Reading Time:about 3 minutes

    The Federal Reserve System has announced that several individuals and groups have applied to acquire shares of banks or bank holding companies under the Change in Bank Control Act. These applications are being reviewed based on specific factors outlined in the law. The public can inspect the details of these applications and submit comments until March 12, 2021. Families and individuals from Missouri and Kansas are among the applicants aiming to retain or acquire control over various banking institutions.

    Simple Explanation

    Some people and families want to buy parts of banks, and the Federal Reserve is checking to make sure it's okay. People can say what they think about this until March 12, 2021.