Search Results for keywords:"mergers"

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Search Results: keywords:"mergers"

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  • 2024-30727 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:89 FR 105048
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice regarding companies that have applied to become bank holding companies or to acquire control over banks or other bank holding companies. These applications are being processed under the Bank Holding Company Act. People can view the public parts of these applications at certain Federal Reserve Banks and the Board of Governors' offices, or request them online. The public can submit comments on these applications until January 27, 2025, but should avoid including confidential information in their submissions.

    Simple Explanation

    The Federal Reserve is letting everyone know that some companies want to become owners of banks, and they are asking people to share their thoughts about this until January 27, 2025. You can look at these requests online, but be careful not to share any secrets when you tell them what you think.

  • 2021-04141 — Combined Notice of Filings #1
    Type:Notice
    Citation:86 FR 11992
    Reading Time:about 2 minutes

    The Federal Energy Regulatory Commission received various filings related to electric corporate and rate matters. These include requests for authorization for mergers, tariff revisions, and rate application supplements from companies like Altamont Winds LLC and Indiana Crossroads Wind Farm LLC. Interested parties are invited to submit comments or intervene by specific dates. Instructions for accessing the filings and participation procedures are provided on the Commission's website.

    Simple Explanation

    The government is looking at some plans from different companies that want to change the wires and prices for electricity, and people can tell the government what they think about these plans.

  • 2020-29033 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 98
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from certain companies to either form bank holding companies or acquire control of existing banks. These applications, submitted under the Bank Holding Company Act of 1956, are available for public viewing at specified Federal Reserve Banks and online. The public can submit comments on these applications by February 3, 2021. An example is St. Holdings, Inc. from Orlando, Florida, aiming to acquire shares of Rochelle State Bank in Georgia.

    Simple Explanation

    The Federal Reserve got some forms from companies who want to either start new banks or take over existing ones, and people can look at these forms and say what they think until February 3, 2021.

  • 2025-04941 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:90 FR 13487
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies have applied for approval to become or merge with bank holding companies under the Bank Holding Company Act of 1956. These applications are available for public viewing at the specified Federal Reserve Banks and the Board of Governors' offices. The public can submit comments on these applications until April 23, 2025, but should avoid including any confidential information. For instance, Cornerstone Bancorp, Inc. is seeking to acquire Cornerstone Capital Bank, SSB, both based in Houston, Texas.

    Simple Explanation

    The Federal Reserve System is letting people know that some companies want to join together or become banks, and everyone can check out their plans and share what they think until April 2025. For example, there's a company called Cornerstone Bancorp, Inc. that wants to take over another bank in Houston, Texas.

  • 2021-01075 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 5196
    Reading Time:about a minute or two

    The Federal Reserve System has announced several applications for review involving bank holding companies. These applications, governed by the Bank Holding Company Act, include Huntington Bancshares Incorporated's plan to acquire TCF Financial Corporation and First Cahawba Bancshares, Inc.'s proposal to become a bank holding company by acquiring First Cahawba Bank. Interested parties can review the applications and submit their comments to the respective Federal Reserve Banks or the Board of Governors by February 18, 2021.

    Simple Explanation

    The Federal Reserve, which helps keep banks in check, announced that one big bank wants to buy another, and another small company wants to become a bank by buying a tiny bank. People can say what they think about these changes until February 18, 2021.

  • 2021-04160 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 12002
    Reading Time:about a minute or two

    The Federal Reserve System published a notice regarding applications from companies seeking approval to form, acquire, or merge bank holding companies. Two specific applications are highlighted: Eagle Financial Bancorp in Cincinnati, planning to become a bank holding company by acquiring EAGLE Bank, and Southern Bancorp, Inc. in Arkadelphia, aiming to merge with DeWitt First Bankshares Corporation to indirectly acquire Arkansas County Bank. The public can inspect these applications at the relevant Federal Reserve Banks and submit their comments by the end of March 2021.

    Simple Explanation

    The Federal Reserve System is looking at some companies that want to either take over or join banks. For example, a company called Eagle Financial Bancorp wants to buy a bank called EAGLE Bank, and Southern Bancorp, Inc. wants to merge with another company to get a different bank. People can share their thoughts about these changes before the end of March 2021.

  • 2021-03952 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 11775
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies are applying to become bank holding companies or to acquire control over banks or bank holding companies. These actions are in accordance with the Bank Holding Company Act and related regulations. One such application is from Sunstate Bancshares, Inc., which aims to acquire Sunstate Bank in Miami, Florida. Public comments on these applications need to be submitted by March 29, 2021, addressed to the specific Federal Reserve Bank or the Board of Governors in Washington, DC.

    Simple Explanation

    In this notice, the Federal Reserve is talking about companies like Sunstate Bancshares wanting to own or take control over banks. People can say what they think by sending a letter before March 29, 2021.

  • 2021-00288 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 1971
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from several companies seeking approval to become bank holding companies or to acquire control over existing banks or bank holding companies. These applications are based on regulations laid out by the Bank Holding Company Act of 1956. The public can review these applications at designated Federal Reserve Banks or online. Comments on these applications must be submitted by February 10, 2021, to either the mentioned Reserve Bank or the Board of Governors.

    Simple Explanation

    The Federal Reserve is looking at requests from companies that want to become big banks or buy other banks. People can say what they think about these requests until February 10, 2021.

  • 2021-00415 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 2416
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from several companies seeking approval to become bank holding companies or to acquire control over existing banks or bank holding companies. The applications are filed under the Bank Holding Company Act of 1956 and adhere to applicable regulations. Public comments on these applications must be submitted by February 10, 2021. The applications can be inspected at specified Federal Reserve Banks or the Board of Governors' offices, with further access available through their Freedom of Information Office.

    Simple Explanation

    The Federal Reserve is looking at requests from some companies that want to create new banks or take over other banks. People have until February 10, 2021, to say what they think about these requests.

  • 2021-03183 — Granting of Requests for Early Termination of the Waiting Period Under the Premerger Notification Rules
    Type:Notice
    Citation:86 FR 10077
    Reading Time:less than a minute

    The Federal Trade Commission (FTC) issued a notice about granting requests for early termination of the waiting period required under premerger notification rules. This process is part of the FTC's oversight of company mergers to ensure they do not lessen market competition. The contact for more information is Theresa Kingsberry at the FTC's Premerger Notification Office.

    Simple Explanation

    The Federal Trade Commission (FTC) is letting some companies skip a waiting period when they're merging so they can team up faster, while still making sure they don't make things unfair for other businesses and customers. If someone wants to know more about this, they can talk to a person named Theresa Kingsberry.

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