Search Results for keywords:"Bank Holding Company Act of 1956"

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Search Results: keywords:"Bank Holding Company Act of 1956"

  • 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.

  • Type:Notice
    Citation:86 FR 6329
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies have applied to become bank holding companies or to acquire control over existing ones. This process is regulated by the Bank Holding Company Act of 1956 and relevant statutes, and the public can review and comment on these applications until February 22, 2021. One highlighted application involves PSB Holdings, Inc. from Wisconsin, aiming to merge with Waukesha Bankshares, Inc. Interested individuals can access the applications at designated Federal Reserve Banks or online.

    Simple Explanation

    The Federal Reserve is checking if companies can buy or join together with banks, and people can say if they think it's good or bad until February 22, 2021. 🌟

  • Type:Notice
    Citation:90 FR 8132
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice regarding applications from companies seeking approval to become or acquire a bank holding company. These applications, which fall under the Bank Holding Company Act of 1956 and related regulations, are open for public inspection at designated Federal Reserve Banks and the Board of Governors' offices. Individuals can submit their written comments on these applications by February 24, 2025. The notice includes an application by First Missouri Bancshares, Inc. to acquire CCSB Financial Corp. and its subsidiary, Clay County Savings Bank.

    Simple Explanation

    The Federal Reserve System wants to make sure all the rules are followed when one company tries to become a big bank or buy another bank, and they're asking people to share their thoughts by February 24, 2025. They're letting everyone know that First Missouri Bancshares wants to buy CCSB Financial Corp. and its bank, so if you have any ideas or worries, you can tell them!

  • 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.

  • Type:Notice
    Citation:90 FR 14141
    Reading Time:about a minute or two

    This document is a notice from the Federal Reserve System announcing that certain companies have applied to become bank holding companies or to acquire control over banks. The applications are being reviewed under the Bank Holding Company Act of 1956 and Regulation Y. The public can view the details of these applications and submit written comments, which will be publicly disclosed. One such application is from Centreville, MHC, in West Warwick, Rhode Island, seeking to acquire Centreville Bank.

    Simple Explanation

    The Federal Reserve is announcing that some companies want to become big bank bosses or take over other banks. People can read about these plans and say what they think, but they might worry because the rules can be hard to understand and personal information could be shared.

  • 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.

  • Type:Notice
    Citation:90 FR 11322
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from certain companies seeking approval to become bank holding companies or to acquire control of banks or other bank holding companies. These applications are filed under the Bank Holding Company Act of 1956 and other relevant regulations. Interested individuals can inspect the applications at the relevant Reserve Banks or the Board of Governors and submit comments until April 4, 2025. One specific application involves Battle Financial, Inc. from Edwards, Colorado, which seeks to acquire Stearns Bank of Upsala, National Association in Minnesota.

    Simple Explanation

    The Federal Reserve is checking if some companies can buy or join together with other banks, like how kids might join clubs. People can look at these plans and share their thoughts until April 4, 2025, but they're not allowed to change any personal info for privacy.

  • Type:Notice
    Citation:90 FR 8296
    Reading Time:about 2 minutes

    The Federal Reserve System published a notice regarding applications from several companies seeking approval to become or acquire bank holding companies. The process is regulated under the Bank Holding Company Act of 1956 and other relevant laws. This notice lists specific applications, including the Lindsey Family Trust's proposal to acquire The Trust Bank in Georgia, Morning Sun Bank Corp.'s plan to acquire First Trust and Savings Bank in Iowa, and Old National Bancorp's acquisition of Bremer Bank in Minnesota. The public can inspect these applications and submit comments, which will be publicly disclosed.

    Simple Explanation

    The Federal Reserve is like a big helper that checks if companies can become or buy banks. They’re looking at three companies' plans to buy banks right now. People can learn about these plans and tell the helpers what they think by a certain day.

  • Type:Notice
    Citation:90 FR 9243
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies have applied for approval to form or acquire bank holding companies under the Bank Holding Company Act of 1956 and Regulation Y. These applications are available for public inspection, and people can also comment on them. Comments will be publicly disclosed and must be submitted by March 12, 2025. One notable application comes from Bosshard Financial Group, Inc., which is seeking approval to merge with Bosshard Banco, Ltd. and acquire two banks in Wisconsin.

    Simple Explanation

    The Federal Reserve is looking at plans from some companies who want to join together to make bigger banks. One company, called Bosshard Financial Group, wants to merge with another bank and buy two more banks in a place called Wisconsin.

  • Type:Notice
    Citation:90 FR 3213
    Reading Time:about 3 minutes

    The Federal Reserve System announced a notice regarding applications for approval to form or acquire bank holding companies. The applications are in accordance with the Bank Holding Company Act of 1956 and related regulations. This notice lists UIR Acceptance Corporation, based in Lemont, Illinois, applying to become a bank holding company by acquiring Easton Bancshares, Inc., and Community Bank of Easton, both located in Easton, Illinois. The public can view these applications and submit comments to the responsible Federal Reserve Bank or the Board of Governors.

    Simple Explanation

    The Federal Reserve System is sharing news about a company called UIR Acceptance Corporation wanting to buy another bank company. People can see these plans and tell the Federal Reserve what they think, but they should know their comments will be shared publicly.

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