In a notice from the Federal Reserve System, several companies applied to become bank holding companies or to acquire banks or bank holding companies. These applications are in accordance with the Bank Holding Company Act of 1956 and the regulations included. The public can inspect the applications and related files at designated Federal Reserve Banks and the Board of Governors' offices. Comments on the applications are invited from the public and must be submitted by January 13, 2025, with all responses being subject to public disclosure.
Simple Explanation
The Federal Reserve System is letting people know that some companies want to start owning banks or buy other banks. People can look at the companies' plans and say what they think about them by January 13, 2025.