Search Results for keywords:"Bank Holding Company Act"

The Federal Reserve System has issued a notice regarding proposals by companies to engage in or acquire nonbanking activities that are permissible under the Bank Holding Company Act. The notice invites the public to review and comment on these applications, which are available for inspection at specified Federal Reserve Banks. Comments must be submitted by February 12, 2021. One of the proposals involves First Citizens Bancshares, Inc., seeking to acquire shares in companies engaging in credit and loan servicing activities.

The Federal Reserve System has published a notice listing companies that wish to engage in or acquire nonbanking activities as allowed under the Bank Holding Company Act and Regulation Y. Interested individuals can view the applications at the Federal Reserve Banks or online, and can submit their written opinions on whether the proposals meet the required standards by March 12, 2021. One specific request comes from Hazen Bancorporation, Inc. in North Dakota, aiming to engage in data processing services through subsidiaries. The public can access more information or express their views through the provided contact details.

The Federal Reserve System has announced that certain companies have indicated their plans, under the Bank Holding Company Act, to engage in nonbanking activities or to acquire nonbanking companies. These activities are permissible and related to banking, as outlined in Regulation Y. Public portions of these applications can be reviewed at the specified Federal Reserve Banks and comments from the public are encouraged, to be submitted by March 3, 2021. One noted application involves Hyperion Bancshares, Inc., aiming to acquire a mortgage company and engage in credit activities.

The Federal Reserve System has published a notice regarding applications by companies seeking approval to become bank holding companies or to acquire assets or shares of banks or bank holding companies. These applications are based on the Bank Holding Company Act of 1956 and other relevant regulations. Members of the public can access the application details and share their written feedback before February 21, 2025. Specifically, United Community Banks, Inc., based in Greenville, South Carolina, proposes to acquire ANB Holdings, Inc., and American National Bank in Oakland Park, Florida.

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.

The Federal Reserve System is reviewing several applications from companies that want to form bank holding companies or acquire control of banks. The applications are submitted under the Bank Holding Company Act and other regulations. People interested in these actions can check the details at the mentioned Federal Reserve Bank locations or online, and they can send written comments. Comments must be submitted by May 16, 2025, and will be open to public inspection.

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.

The Federal Reserve System is considering applications from companies that want to become or acquire bank holding companies under the Bank Holding Company Act of 1956. The notice mentions that these applications are available for public review at the selected Federal Reserve Banks and online. Comments from the public regarding these applications must be submitted by February 8, 2021. An example applicant listed is Marathon MHC and Marathon Bancorp, Inc. from Wisconsin, which seeks to acquire Marathon Bank as part of a transition from a mutual to a stock form.

The Federal Reserve System has published a notice listing companies that have applied for approval to become bank holding companies or to acquire significant portions of existing bank holding companies, as per the Bank Holding Company Act. The notice invites public comments on these applications, which should be sent to the designated Federal Reserve Bank or the Board of Governors by March 25, 2021. Examples include the Banner County Ban Corporation Employee Stock Ownership Plan and Trust seeking to increase its stake in Banner County Ban Corporation, and Carpenter Acquisition Corporation aiming to become a bank holding company by acquiring First Colorado Financial Corp.

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.