Search Results for keywords:"Change in Bank Control Act"

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Search Results: keywords:"Change in Bank Control Act"

  • Type:Notice
    Citation:86 FR 539
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares in banks or bank holding companies. These applications are being reviewed based on specified factors from the Act. Public information about these applications can be accessed at Federal Reserve Banks and the Board of Governors' offices or requested online. Comments from the public are welcomed, provided they are submitted by January 21, 2021, to the appropriate authorities.

    Simple Explanation

    The Federal Reserve System wants to know what people think about some people trying to buy big parts of banks. They are listening to everyone's ideas and thoughts until January 21, 2021, to help them decide if these people should be allowed to do it.

  • Type:Notice
    Citation:86 FR 8910
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals who want to acquire shares of a bank or bank holding company under the Change in Bank Control Act. These applications are public and can be inspected at specific Federal Reserve Banks or the Board of Governors' offices. The public can submit comments on these applications by February 25, 2021, to the addresses provided, including electronic submissions. One application involves Jeremy Francis Gilpin and Jeffrey Alan Smith seeking to acquire shares as a group in Community Bankshares, Inc., and its subsidiaries in Georgia and Alabama.

    Simple Explanation

    The Federal Reserve got a request from some people who want to buy parts of a bank to help it grow, and they are letting everyone know so people can say what they think by a certain date.

  • Type:Notice
    Citation:89 FR 105604
    Reading Time:about a minute or two

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares in a bank or bank holding company. These applications are open for public inspection, and people can comment on them until January 13, 2025. Comments will be publicly disclosed, so they should not contain confidential information. One application involves members of the Kahn Family seeking to retain voting shares of United Iowa Bancshares Inc., and by extension, FNNB Bank in Newton, Iowa.

    Simple Explanation

    The government is checking if some people, like the Kahn Family, can own more of a bank, and they are asking what everyone thinks about it until January 13, 2025. People need to be careful not to share secrets when they tell what they think.

  • Type:Notice
    Citation:90 FR 9628
    Reading Time:about a minute or two

    The Federal Reserve System is reviewing applications from individuals seeking to acquire shares in a savings and loan holding company under the Change in Bank Control Act. Interested parties can view application details at select Federal Reserve Banks and submit comments or concerns by March 3, 2025. Public comments will be fully disclosed and may include personal or business information. The notice specifically mentions an application by Jeffrey A. Schumacher and John Schumacher to retain voting shares of American Federal Corporation and American Federal Bank in North Dakota.

    Simple Explanation

    The Federal Reserve is checking if some people can buy pieces of a bank company. Everyone can see these plans and say what they think before a certain date.

  • Type:Notice
    Citation:90 FR 15241
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from several individuals to acquire shares of a bank or bank holding company under the Change in Bank Control Act. The public can review the applications and submit comments until April 24, 2025. Comments may be disclosed publicly and should not contain confidential information. The individuals listed are seeking to join the Sarazine Family Control Group to maintain voting shares in Emmetsburg Bank Shares, Inc. and Iowa Trust and Savings Bank.

    Simple Explanation

    The Federal Reserve is checking if some people can take a bigger part in a bank, and they want everyone to know about it. People can say what they think about this until April 24, 2025, but cannot share secrets.

  • Type:Notice
    Citation:90 FR 16130
    Reading Time:about a minute or two

    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.

    Simple Explanation

    The people from the Maifeld Family want to buy part of a bank in Iowa, and the bank's bosses need to think about some rules before giving them a thumbs up. Anyone who wants to say something about this buying plan can write in before May 2, 2025.

  • Type:Notice
    Citation:90 FR 8296
    Reading Time:about a minute or two

    The Federal Reserve System has published a notice about individuals applying to gain control over shares of a bank or bank holding company under the Change in Bank Control Act. These applications are available for public inspection at Federal Reserve Banks and the Board of Governors' offices. People are encouraged to express their opinions in writing about these applications, with a deadline for comments set as February 12, 2025. An example of such an application involves Guido E. Hinojosa Cardoso, who seeks to join a control group to acquire shares of Anchor Bancorp Inc. and Anchor Bank in Florida.

    Simple Explanation

    The government is letting people know that some folks want to buy lots of shares in a bank, and they're asking everyone what they think about it. People can write in to share their opinions, but they need to do it before February 12, 2025.

  • Type:Notice
    Citation:90 FR 11833
    Reading Time:about 2 minutes

    The Federal Reserve System has announced that people listed in the notice have applied to gain control of shares in a bank or bank holding company under the Change in Bank Control Act. Interested individuals can review the public parts of the applications at the Federal Reserve Banks or through the Board's website. The public can also send their comments on these applications, but they should be aware that any information shared will be publicly disclosed. Comments on the applications should be submitted by March 27, 2025.

    Simple Explanation

    The Federal Reserve is giving some people a chance to buy parts of a bank, and they want to make sure everyone knows about it and can say what they think before a certain date. People can check the details online or at specific places and tell the Federal Reserve what they think by the end of March.

  • Type:Notice
    Citation:90 FR 9901
    Reading Time:about a minute or two

    Notificants, including Hermine M. Granberry and The Allision Lee Granberry Trust with trustee William S. Granberry Jr., have applied under the Change in Bank Control Act to acquire shares in a bank or bank holding company. The public can review these applications at specified Federal Reserve Banks and submit comments, which will be made publicly available. Comments must be received by March 6, 2025, and should not contain confidential information. The Federal Reserve Board oversees this process and any submissions.

    Simple Explanation

    Some people, including Hermine and a family trust, want to buy shares in a bank, and they told the government about it. People can look at the details and say what they think before a deadline, but they shouldn't share any secrets in their comments.

  • Type:Notice
    Citation:90 FR 13487
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares of a bank or bank holding company. Specifically, the Petrie Grandchildren Trust and related entities want to retain and acquire voting shares of Merchants Bancorp and Merchants Bank of Indiana in Carmel, Indiana. The public can view and comment on these applications, but comments need to be received by April 8, 2025, and may be disclosed to the public. The Federal Reserve Bank of Chicago is handling the applications, and comments can be submitted electronically or by mail.

    Simple Explanation

    The Federal Reserve is looking at whether certain people, like a group called the Petrie Grandchildren Trust, can buy shares in a bank called Merchants Bank of Indiana. People can say what they think about this, as long as they do it by a specific date, but they should be careful not to share any private information they want to keep secret.

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