Search Results for keywords:"bank control applications"

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Search Results: keywords:"bank control applications"

  • Type:Notice
    Citation:86 FR 539
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares in banks or bank holding companies. These applications are being reviewed based on specified factors from the Act. Public information about these applications can be accessed at Federal Reserve Banks and the Board of Governors' offices or requested online. Comments from the public are welcomed, provided they are submitted by January 21, 2021, to the appropriate authorities.

    Simple Explanation

    The Federal Reserve System wants to know what people think about some people trying to buy big parts of banks. They are listening to everyone's ideas and thoughts until January 21, 2021, to help them decide if these people should be allowed to do it.

  • Type:Notice
    Citation:90 FR 16528
    Reading Time:about a minute or two

    The Federal Reserve System published a notice regarding change in bank control applications under the Change in Bank Control Act. Four individuals from Illinois are proposing to form the Throgmorton Family Control Group to retain voting shares in South Porte Financial Inc. and SouthernTrust Bank. Interested parties can submit comments, which must be received by May 5, 2025, and will be publicly disclosed without modification. The applications and related documents are available for inspection at specified Federal Reserve locations.

    Simple Explanation

    Some people in Illinois want to have control over a bank by keeping shares in it, and the Federal Reserve wants to let everyone know about it. If anyone has something to say about it, they must do so by May 5, 2025.

  • Type:Notice
    Citation:90 FR 1128
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals wishing to acquire shares of a bank or bank holding company, as specified under the Change in Bank Control Act. These applications, including related documents, are available for public review at designated Federal Reserve Banks and on the Federal Reserve's website. The public can submit comments on these applications, but any comments received will be disclosed publicly, meaning personal or confidential information should not be included. In particular, the notification includes individuals from Alabama seeking to join a control group to retain shares in FBDC Financial Corp. and First Fidelity Bank.

    Simple Explanation

    The Federal Reserve System is letting people who want to buy shares in a bank or banking company send in their applications. Everyone can look at these applications and say what they think, but they shouldn't share anything private because anything they say will be shared with everyone.