Search Results for keywords:"voting shares"

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Search Results: keywords:"voting shares"

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  • 2024-31073 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    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.

  • 2025-04939 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:90 FR 13487
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares of a bank or bank holding company. Specifically, the Petrie Grandchildren Trust and related entities want to retain and acquire voting shares of Merchants Bancorp and Merchants Bank of Indiana in Carmel, Indiana. The public can view and comment on these applications, but comments need to be received by April 8, 2025, and may be disclosed to the public. The Federal Reserve Bank of Chicago is handling the applications, and comments can be submitted electronically or by mail.

    Simple Explanation

    The Federal Reserve is looking at whether certain people, like a group called the Petrie Grandchildren Trust, can buy shares in a bank called Merchants Bank of Indiana. People can say what they think about this, as long as they do it by a specific date, but they should be careful not to share any private information they want to keep secret.

  • 2025-03309 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:90 FR 10927
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals intending to acquire shares in a bank or bank holding company. These applications, submitted under the Change in Bank Control Act and corresponding regulations, are open for public inspection at specified Federal Reserve Banks. Interested parties can submit their comments until March 17, 2025, and the comments may be publicly disclosed. Specifically noted is an application involving the Buckeye State Bank's employee stock ownership plan and trustees looking to retain voting shares in Ohio.

    Simple Explanation

    The Federal Reserve is checking if some people can buy parts of a bank in Ohio, and they want to know what other people think about this by March 17, 2025. People can read what the bank has sent to the Federal Reserve and can also say if they're okay with it or not.

  • 2021-03049 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 9504
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain companies are seeking approval to become bank holding companies or to acquire control of banks or bank holding companies. These applications are open for public inspection and comment. For example, Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan intends to acquire 19.34% of Community Bancshares of Mississippi, Inc. Interested parties must submit their comments by March 18, 2021.

    Simple Explanation

    The Federal Reserve is letting everyone know that some companies want to own banks or more of the banks they already own, and people can say what they think about this until March 18, 2021.

  • 2025-06700 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    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.

  • 2025-03120 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:90 FR 10729
    Reading Time:about 2 minutes

    The Federal Reserve System received applications from several individuals and trusts to acquire shares of Guaranty Bancorp, Inc., and Woodsville Guaranty Savings Bank, both located in Woodsville, New Hampshire. The public can inspect the application details and other filings at the indicated Federal Reserve Banks or on the Board of Governors' website. Comments about the applications must be submitted by March 13, 2025, and will be publicly disclosed without alterations, so personal or confidential information should not be included.

    Simple Explanation

    The Federal Reserve System is looking at requests from some people who want to buy a part of two banks in New Hampshire. They’re asking people to share their thoughts on this by March 13, 2025, and everyone can read these thoughts, so people shouldn’t include secrets or personal information.