Type:Notice
Citation:90 FR 10826
Reading Time:about a minute or two
The Federal Reserve System has received applications from companies that want to become bank holding companies or acquire control over existing banks or bank holding companies. Interested people can review these applications and submit comments. Comments should be submitted by March 13, 2025, and any information included in them will be publicly accessible. One specific application is from Yoakum National Bancshares, Inc., aiming to acquire Ganado Bancshares, Inc., and thereby gain control over Citizens State Bank in Texas.
Simple Explanation
The Federal Reserve is looking at requests from companies that want to own banks. People can say what they think about these requests until March 13, 2025, but their name and details will be shared with everyone.