Search Results for keywords:"bank acquisition"

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Search Results: keywords:"bank acquisition"

  • Type:Notice
    Citation:89 FR 103827
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice about companies seeking approval to form or acquire bank holding companies. These applications are pursuant to the Bank Holding Company Act and related regulations. One notable application is from Winchester Bancorp, MHC, which aims to become a bank holding company by acquiring a majority stake in Winchester Bancorp, Inc., and thus gain control over Winchester Savings Bank. The public can access the applications for inspection and are invited to submit comments by January 21, 2025.

    Simple Explanation

    The notice from the Federal Reserve System is about some companies asking permission to own banks. One company, Winchester Bancorp, wants to buy a lot of another bank to be in charge of it, and people can read about this and share their thoughts by January 21, 2025.

  • Type:Notice
    Citation:89 FR 103828
    Reading Time:about a minute or two

    The Federal Reserve System announces that several individuals have applied to acquire shares of a bank or bank holding company under the Change in Bank Control Act. The applications are available for public inspection at the Federal Reserve Bank of Richmond and the Board of Governors. People interested in commenting on the applications can send their views to the respective locations by January 3, 2025. Comments will be publicly disclosed and should exclude any confidential information.

    Simple Explanation

    Some people want to buy shares in a bank, and the Federal Reserve wants to know what people think about it. If anyone has something to say, they can send their thoughts by January 3, 2025, but they shouldn't include private information.

  • Type:Notice
    Citation:90 FR 12317
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several people from the Wilson family in Ava, Illinois, have applied to maintain control over the Headquarters Holding Company. This control allows them to indirectly hold shares in The First National Bank of Ava. The public can review parts of these applications online or at the Federal Reserve offices and submit written comments by April 1, 2025. Comments submitted will be publicly disclosed, so people should avoid including confidential information.

    Simple Explanation

    The Federal Reserve System is letting people know that a family in Illinois wants to keep owning part of a bank, and if people have thoughts about this, they can write them down and send them in.

  • Type:Notice
    Citation:90 FR 13163
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain individuals have applied under the Change in Bank Control Act to acquire shares in a bank or bank holding company. These applications are available for public inspection at specific Federal Reserve Banks and can also be requested from the Board's Freedom of Information Office. People interested in commenting on these applications can submit their views in writing by April 4, 2025. All comments submitted may be disclosed publicly, so confidential information should not be included. For instance, Emma Ryan from Heartwell, Nebraska, is part of a group seeking to get voting shares in First Central Nebraska Co., indirectly impacting the Nebraska State Bank and Trust Company.

    Simple Explanation

    In this notice, the Federal Reserve is telling people about certain individuals who want to buy shares in a bank. People can look at these requests and share what they think, but they need to send their opinions by April 4, 2025.

  • Type:Notice
    Citation:89 FR 105604
    Reading Time:about a minute or two

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares in a bank or bank holding company. These applications are open for public inspection, and people can comment on them until January 13, 2025. Comments will be publicly disclosed, so they should not contain confidential information. One application involves members of the Kahn Family seeking to retain voting shares of United Iowa Bancshares Inc., and by extension, FNNB Bank in Newton, Iowa.

    Simple Explanation

    The government is checking if some people, like the Kahn Family, can own more of a bank, and they are asking what everyone thinks about it until January 13, 2025. People need to be careful not to share secrets when they tell what they think.

  • Type:Notice
    Citation:90 FR 15570
    Reading Time:about a minute or two

    The document is a notice from the Federal Reserve System about applications submitted under the Change in Bank Control Act. These applications involve individuals and entities seeking to acquire shares of a bank or bank holding company. The public can review the applications and submit comments, which will be publicly disclosed. Comments should be sent to the relevant Federal Reserve Bank or the Board of Governors by April 29, 2025.

    Simple Explanation

    The Federal Reserve is letting people know that some are trying to buy parts of a bank and asking the public to share their thoughts by the end of April 2025. They will make comments available for everyone to see, but they promise not to share any secret business info.

  • Type:Notice
    Citation:86 FR 10967
    Reading Time:about a minute or two

    The Federal Reserve System announced that several individuals have applied to acquire shares of a bank or bank holding company under the Change in Bank Control Act. The applications are available for public inspection at specified Federal Reserve Bank locations and online. People who are interested can submit their comments by the deadline of March 10, 2021. This notification specifically highlights an application involving a group from Texas seeking shares in Louise Bancshares, Inc., which owns First State Bank and Dilley State Bank.

    Simple Explanation

    The Federal Reserve System is making sure everything is okay with people who want to buy part of a bank, like inspecting your friend's drawings to make sure you won't run out of crayons. People can say what they think about this by March 10, 2021, just like sharing your thoughts on your friend's work in class.

  • Type:Notice
    Citation:89 FR 95213
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act from individuals and trusts seeking to acquire shares of banks or bank holding companies. These applications are available for public inspection at the relevant Federal Reserve Banks and online. Interested individuals can submit their comments, which are publicly disclosed, before December 17, 2024. For example, William F. Dugan from Nebraska intends to acquire shares in Flatirons Bank, and the Glenn R. Hamilton Trust, along with Glenn Hamilton and Marsha Hamilton, is looking to maintain and extend their control over Community First Bank in Missouri.

    Simple Explanation

    The Federal Reserve System is looking at requests from people who want to buy parts of some banks. These requests can be looked at online, and anyone can say what they think about it before December 17, 2024.

  • Type:Notice
    Citation:89 FR 107142
    Reading Time:about 2 minutes

    The Federal Reserve System has announced that individuals listed in the notice have applied to acquire shares of banks or bank holding companies under the Change in Bank Control Act. The applications are open for public inspection at the Federal Reserve Banks mentioned and the Board of Governors. Public comments on these applications, which are subject to disclosure, can be submitted until January 15, 2025. One application involves Dominik Mjartan and Georgia Miller Mjartan seeking shares in American Bancorp, Inc., while another involves the Sturm Family Control Group aiming to keep shares in Sturm Financial Group, Inc.

    Simple Explanation

    The Federal Reserve is checking if some people can buy parts of certain banks, and anyone can say what they think about this until January 15, 2025.