The document is a notice from the Federal Reserve System, published in the Federal Register. It details applications submitted under the Change in Bank Control Act, specifically regarding individuals or entities seeking to acquire shares in banks or bank holding companies. The notice lists two specific applications: one involving Todd J. Anderson and the Peter and Marie Anderson Living Trust aiming to retain shares of Koda Bancor, Inc., and another involving Karen L. Schumacher to gain control over shares of the same institution through the KodaBank Employee Stock Ownership Plan. The document invites the public to submit comments by May 6, 2025, and provides instructions for accessing application details or submitting feedback.
Simple Explanation
The Federal Reserve System is telling people about some folks trying to buy shares in a bank, and they want to know what others think about it by May 6, 2025. They mention how to share your thoughts, but it might be a bit confusing.