Search Results for citation:"86 FR 9504"

The Federal Reserve System has announced that several individuals have applied to purchase shares of a bank or bank holding company under the Change in Bank Control Act. These applications and related filings are open for public inspection at designated Federal Reserve Banks, and members of the public can submit written comments about these applications by March 3, 2021. One specific application involves Scott A. Schoenmann from Wisconsin, who wants to retain voting shares in The Peoples Community Bancshares, Inc., and indirectly in The Peoples Community Bank. The notice is officially recorded under the document number 2021-03050 and includes information on where further details can be accessed.

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 extending, with revisions, the rules for recordkeeping and disclosure related to real estate appraisal standards, known as FR Y-30. This extension is set for three years and takes effect immediately. These rules are mandatory for state member banks and nonbank subsidiaries of bank holding companies, aiming to ensure compliance with uniform appraisal standards as required by law. No public comments were received during the notice period despite an invitation for input.