Search Results for keywords:"River Run Bancorp"

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Search Results: keywords:"River Run Bancorp"

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  • 2025-02073 — Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
    Type:Notice
    Citation:90 FR 8716
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice regarding proposals for companies to engage in or acquire those involved in non-banking activities as allowed under the Bank Holding Company Act and Regulation Y. The notice invites the public to submit their comments on whether these proposals meet the required standards and details where these applications can be inspected. Specifically mentioned is the proposed merger of River Run Bancorp with Rollstone Bancorp, potentially leading to the acquisition of Rollstone Bank & Trust. Comments should be submitted by March 3, 2025, to ensure they are considered.

    Simple Explanation

    The Federal Reserve wants to hear people's thoughts about some companies wanting to join or buy others that do things like banks, but aren't banks. The public has until March 3, 2025, to share their opinion.

  • 2024-31415 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:89 FR 107142
    Reading Time:about a minute or two

    The Federal Reserve System issued a notice about companies applying to become bank holding companies or acquiring control over bank-related assets under the Bank Holding Company Act of 1956. The notice mentions that the applications are available for public inspection at specified Federal Reserve Banks and on the Federal Reserve's website. Comments on these applications can be submitted by January 30, 2025. An example noted is River Run Bancorp, MHC of Newburyport, Massachusetts, which plans to merge with Rollstone Bancorp, MHC to acquire Rollstone Bank & Trust in Fitchburg, Massachusetts.

    Simple Explanation

    The big bank bosses are talking about joining forces or buying other banks, and they want to make sure everyone knows about it. People have until the end of January 2025 to say what they think about these plans.