The Federal Reserve System has announced that several companies have applied to become bank holding companies or to acquire ownership of banks or bank holding companies. These applications are being reviewed under the Bank Holding Company Act of 1956 and related regulations. The public can inspect these applications at designated Federal Reserve Banks or online, and submit written comments by June 4, 2025. Notably, Regent Capital Corporation plans to merge with DLP Bancshares, Inc., while several entities in Texas aim to acquire shares of HomeStreet, Inc. and HomeStreet Bank.
Simple Explanation
The Federal Reserve is looking at companies that want to join or buy other banks. People can look at these plans and share their thoughts with the Federal Reserve.