Search Results for keywords:"12 U.S.C. 1842(c)"

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Search Results: keywords:"12 U.S.C. 1842(c)"

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  • 2025-06331 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:90 FR 15570
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies have applied for approval to either become a bank holding company or acquire another bank or bank holding company under the Bank Holding Company Act of 1956 and related regulations. These applications are available for public inspection at the specified Federal Reserve Banks and the Board of Governors' offices, with comments from the public being invited. The comments must be submitted by May 14, 2025, and will be subject to public disclosure. One specific application mentioned is from Legacy Financial, Inc. of Johnson, Kansas, which seeks to acquire BancCentral, National Association in Alva, Oklahoma.

    Simple Explanation

    The Federal Reserve System is checking if companies can buy or join with other banks. People can look at these plans and say what they think by May 14, 2025, but everyone will see their comments. One company from Kansas wants to buy a bank in Oklahoma.

  • 2021-01810 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies Extension of Comment Period
    Type:Notice
    Citation:86 FR 7292
    Reading Time:about a minute or two

    The Federal Reserve System has announced an extension of the comment period for an application involving the formation or acquisition of bank holding companies. The application in question concerns First Citizens BancShares, Inc., located in Raleigh, North Carolina, acquiring CIT Group, Inc., based in New York, New York. The public is invited to express their views in writing about this application, with the new deadline for submissions set for February 22, 2021. The information is accessible for review at the Federal Reserve Bank of Richmond and through specified online resources.

    Simple Explanation

    The Federal Reserve System wants to give people more time to share their thoughts about one bank buying another. Now, everyone has until February 22, 2021, to send in their opinions, and they can do this by writing letters or going online!