Search Results for keywords:"acquisition of shares"

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Search Results: keywords:"acquisition of shares"

  • Type:Notice
    Citation:86 FR 1497
    Reading Time:about 2 minutes

    The Federal Reserve System is reviewing applications under the Change in Bank Control Act to allow certain individuals to acquire shares in a bank or bank holding company. These applications involve members of the Fishback family and related trusts looking to retain or increase their shares in Fishback Financial Corporation and, by extension, First Bank & Trust in Brookings, South Dakota. Public comments about these applications must be submitted by January 25, 2021. Interested parties can view these applications at specified Federal Reserve Banks or contact the Board of Governors for more information.

    Simple Explanation

    The Federal Reserve System is checking if certain people from the Fishback family can get more shares in a bank in South Dakota, and anyone who wants to say something about it needs to do so before January 25, 2021.

  • Type:Notice
    Citation:90 FR 9901
    Reading Time:about a minute or two

    Notificants, including Hermine M. Granberry and The Allision Lee Granberry Trust with trustee William S. Granberry Jr., have applied under the Change in Bank Control Act to acquire shares in a bank or bank holding company. The public can review these applications at specified Federal Reserve Banks and submit comments, which will be made publicly available. Comments must be received by March 6, 2025, and should not contain confidential information. The Federal Reserve Board oversees this process and any submissions.

    Simple Explanation

    Some people, including Hermine and a family trust, want to buy shares in a bank, and they told the government about it. People can look at the details and say what they think before a deadline, but they shouldn't share any secrets in their comments.

  • Type:Notice
    Citation:90 FR 16130
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from the individuals and trusts of the Maifeld Family to acquire shares in Clarkel, Inc., and indirectly Iowa State Bank in Clarksville, Iowa. This action is part of a process under the Change in Bank Control Act, which involves evaluating specific factors before approval. The public can access details about these applications at certain Federal Reserve Bank locations and online. Interested parties are invited to submit written comments on the applications, which are due by May 2, 2025, and these comments will be publicly available.

    Simple Explanation

    The people from the Maifeld Family want to buy part of a bank in Iowa, and the bank's bosses need to think about some rules before giving them a thumbs up. Anyone who wants to say something about this buying plan can write in before May 2, 2025.

  • Type:Notice
    Citation:89 FR 99263
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from a group wanting to acquire shares in a bank or bank holding company. These applications are under review according to the Change in Bank Control Act and related regulations. The applications are available for public inspection and comments are welcome but should not include confidential information. Comments must be submitted by December 26, 2024, to the specified Federal Reserve Bank or the Board of Governors in Washington, DC.

    Simple Explanation

    The Federal Reserve is checking if a group can buy parts of a bank. People can say what they think about this, but they shouldn't share secrets in their comments.

  • Type:Notice
    Citation:86 FR 11776
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act from various individuals from Kuwait wishing to acquire shares in Greater Pacific Bancshares. This acquisition would also allow them to indirectly hold shares in the Bank of Whittier, based in California. The applications are open for public inspection at the Federal Reserve Bank of San Francisco and the offices of the Board of Governors. Interested parties have until March 15, 2021, to share their views in writing about these applications.

    Simple Explanation

    The Federal Reserve is letting people know that some folks from Kuwait want to buy parts of a company that owns a small bank in California. People can say what they think about it by sending letters until March 15, 2021.

  • Type:Notice
    Citation:90 FR 13364
    Reading Time:about 4 minutes

    The Federal Reserve System has received applications from several trusts and individuals who want to acquire shares of Berco, Inc., which controls The Bennington State Bank in Salina, Kansas. The applicants, acting as the Berkley Family Group, aim to retain voting shares of the bank. The public can view these applications at the specified Federal Reserve Bank and submit comments by April 7, 2025. Comments are subject to public disclosure and should not contain confidential information.

    Simple Explanation

    The Federal Reserve received applications from a group of people and trusts who want to buy shares of a company that controls a bank in Kansas. People can look at these applications or give their thoughts until April 7, 2025.

  • Type:Notice
    Citation:90 FR 8528
    Reading Time:about 2 minutes

    The Federal Reserve System has released a notice regarding applications submitted under the Change in Bank Control Act. These applications involve individuals and groups seeking to acquire or retain voting shares of certain banks and bank holding companies. For instance, one application involves a group in New Jersey attempting to acquire more voting shares of Bankwell Financial Group, Inc., in Connecticut. Another involves individuals in Texas looking to acquire shares of Relationship Financial Corporation and its subsidiary, Guadalupe Bank. Interested parties can review these applications and submit comments by February 14, 2025.

    Simple Explanation

    In a new notice, the Federal Reserve System is talking about people or groups trying to buy more pieces, or "shares," of certain banks. This is like when someone wants to own more parts of a toy shop in a new town. People can look at what is happening and tell the people in charge how they feel about it until February 14, 2025.

  • Type:Notice
    Citation:90 FR 9628
    Reading Time:about a minute or two

    The Federal Reserve System is reviewing applications from individuals seeking to acquire shares in a savings and loan holding company under the Change in Bank Control Act. Interested parties can view application details at select Federal Reserve Banks and submit comments or concerns by March 3, 2025. Public comments will be fully disclosed and may include personal or business information. The notice specifically mentions an application by Jeffrey A. Schumacher and John Schumacher to retain voting shares of American Federal Corporation and American Federal Bank in North Dakota.

    Simple Explanation

    The Federal Reserve is checking if some people can buy pieces of a bank company. Everyone can see these plans and say what they think before a certain date.

  • Type:Notice
    Citation:90 FR 15241
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from several individuals to acquire shares of a bank or bank holding company under the Change in Bank Control Act. The public can review the applications and submit comments until April 24, 2025. Comments may be disclosed publicly and should not contain confidential information. The individuals listed are seeking to join the Sarazine Family Control Group to maintain voting shares in Emmetsburg Bank Shares, Inc. and Iowa Trust and Savings Bank.

    Simple Explanation

    The Federal Reserve is checking if some people can take a bigger part in a bank, and they want everyone to know about it. People can say what they think about this until April 24, 2025, but cannot share secrets.

  • Type:Notice
    Citation:90 FR 4742
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain individuals have applied to acquire shares in a bank or bank holding company under the Change in Bank Control Act. The applications are available for public inspection and comment before January 31, 2025, at the Federal Reserve Bank of Minneapolis and the Board of Governors in Washington, DC. Specifically, Gabrielle Pogatchnik from Philadelphia is seeking to join the Pogatchnik Family Control Group to retain shares in Finlayson Bancshares, which owns First Independent Bank and Northview Bank in Minnesota. Comments submitted will be publicly disclosed, and should not contain confidential information unsuitable for public disclosure.

    Simple Explanation

    Some people want to buy shares in a company that owns a bank, and now others can look at what they want to do and say their opinions by the end of January 2025.

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