Search Results for keywords:"merger"

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Search Results: keywords:"merger"

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  • 2025-06331 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:90 FR 15570
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies have applied for approval to either become a bank holding company or acquire another bank or bank holding company under the Bank Holding Company Act of 1956 and related regulations. These applications are available for public inspection at the specified Federal Reserve Banks and the Board of Governors' offices, with comments from the public being invited. The comments must be submitted by May 14, 2025, and will be subject to public disclosure. One specific application mentioned is from Legacy Financial, Inc. of Johnson, Kansas, which seeks to acquire BancCentral, National Association in Alva, Oklahoma.

    Simple Explanation

    The Federal Reserve System is checking if companies can buy or join with other banks. People can look at these plans and say what they think by May 14, 2025, but everyone will see their comments. One company from Kansas wants to buy a bank in Oklahoma.

  • 2025-06564 — Petition of Chevron Corporation and Hess Corporation To Reopen and Set Aside Order
    💰
    Type:Notice
    Citation:90 FR 16130
    Reading Time:about 19 minutes

    Chevron Corporation and Hess Corporation have requested the Federal Trade Commission (FTC) to review and nullify a previous order from January 17, 2025. This order stopped Chevron's efforts to appoint Hess CEO John B. Hess to Chevron's board following their merger, which was seen as potentially harming competition by increasing industry coordination. Chevron and Hess argue that the order lacks a valid antitrust basis, claiming that Mr. Hess's role would not significantly affect competition or oil prices, and that removing the order would be in the public interest to enhance U.S. energy production. The FTC is inviting the public to comment on this petition until May 12, 2025.

    Simple Explanation

    Chevron and Hess want a past decision by the FTC to be changed because they believe that letting the Hess boss join Chevron's board won't hurt competition or raise prices, and they think this change will help make more energy in the U.S. The FTC is inviting people to share their thoughts about this until May 12, 2025.

  • 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.

  • 2024-30728 — Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
    Type:Notice
    Citation:89 FR 105048
    Reading Time:about a minute or two

    The Federal Reserve System published a notice about companies planning to engage in or acquire nonbanking activities under the Home Owners' Loan Act. The information regarding these applications is accessible both at the specified Federal Reserve Bank and the Board of Governors. Interested individuals can express their views in writing, ensuring that comments are submitted by January 27, 2025. The Marathon MHC of Wisconsin plans to merge with Marathon Bancorp, Inc., converting to stock form as part of the transaction.

    Simple Explanation

    The Federal Reserve is telling people that a company called Marathon MHC wants to join with another company, Marathon Bancorp, and change its form, like turning a toy into a different shape. People can write letters to say what they think about this by the end of January next year.