The Federal Reserve System has received applications from individuals and family groups seeking to acquire or retain shares in certain banks or bank holding companies. The D'Angelo Family Group intends to retain or acquire shares in First Greenwich Financial, Inc. and its associated bank in Connecticut. Meanwhile, the Kincaid Family Group plans to acquire shares in Northeast Kansas Bancshares, Inc. and other related banks in Kansas and Missouri. Public comments on these applications can be submitted to the relevant Federal Reserve Banks or the Board of Governors until April 3, 2025.
Simple Explanation
The Federal Reserve System, which is sort of like the manager of banks, got requests from two families—the D'Angelo Family in Connecticut and the Kincaid Family in Kansas and Missouri—who want to buy or keep owning parts of some banks. People can send their thoughts about this until April 3, 2025.