Search Results for keywords:"Federal Reserve Bank of Dallas"

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Search Results: keywords:"Federal Reserve Bank of Dallas"

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  • 2025-02521 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:90 FR 9431
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice about applications under the Change in Bank Control Act. This announcement concerns individuals and trusts seeking to acquire shares in banks or bank holding companies. Specifically, the Pratt Family PFBS Irrevocable Trust aims to join a control group to acquire voting shares of PFBS Holdings, Inc., which would give them control over Lakeside Bank in Texas. Comments on these applications are welcome until February 27, 2025, and can be submitted to the Federal Reserve Bank of Dallas or the Board of Governors.

    Simple Explanation

    The Federal Reserve has a new rule: if someone wants to buy lots of bank shares to gain control, like a family or trust, they need to ask for permission. Right now, a family trust wants to control a bank in Texas, and people can tell the Federal Reserve what they think about this until February 27, 2025.

  • 2025-03058 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:90 FR 10638
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from individuals and family trusts known as the Jones Control Group. They are seeking permission to retain shares and control of the Commercial National Corporation in Texas and its related financial entities. The public is invited to comment on these applications by March 12, 2025, and such comments will be publicly accessible. Any comments should be sent to the Federal Reserve Bank of Dallas or the Board of Governors.

    Simple Explanation

    The Federal Reserve is checking if the Jones family can keep owning part of a bank in Texas. People can tell the Reserve what they think about this until March 12, 2025.