The Federal Reserve System has received applications from individuals wishing to acquire shares of a bank or bank holding company, as specified under the Change in Bank Control Act. These applications, including related documents, are available for public review at designated Federal Reserve Banks and on the Federal Reserve's website. The public can submit comments on these applications, but any comments received will be disclosed publicly, meaning personal or confidential information should not be included. In particular, the notification includes individuals from Alabama seeking to join a control group to retain shares in FBDC Financial Corp. and First Fidelity Bank.
Simple Explanation
The Federal Reserve System is letting people who want to buy shares in a bank or banking company send in their applications. Everyone can look at these applications and say what they think, but they shouldn't share anything private because anything they say will be shared with everyone.