Search Results for keywords:"Change in Bank Control Act"

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Search Results: keywords:"Change in Bank Control Act"

  • Type:Notice
    Citation:90 FR 13163
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain individuals have applied under the Change in Bank Control Act to acquire shares in a bank or bank holding company. These applications are available for public inspection at specific Federal Reserve Banks and can also be requested from the Board's Freedom of Information Office. People interested in commenting on these applications can submit their views in writing by April 4, 2025. All comments submitted may be disclosed publicly, so confidential information should not be included. For instance, Emma Ryan from Heartwell, Nebraska, is part of a group seeking to get voting shares in First Central Nebraska Co., indirectly impacting the Nebraska State Bank and Trust Company.

    Simple Explanation

    In this notice, the Federal Reserve is telling people about certain individuals who want to buy shares in a bank. People can look at these requests and share what they think, but they need to send their opinions by April 4, 2025.

  • Type:Notice
    Citation:86 FR 11776
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act from various individuals from Kuwait wishing to acquire shares in Greater Pacific Bancshares. This acquisition would also allow them to indirectly hold shares in the Bank of Whittier, based in California. The applications are open for public inspection at the Federal Reserve Bank of San Francisco and the offices of the Board of Governors. Interested parties have until March 15, 2021, to share their views in writing about these applications.

    Simple Explanation

    The Federal Reserve is letting people know that some folks from Kuwait want to buy parts of a company that owns a small bank in California. People can say what they think about it by sending letters until March 15, 2021.

  • Type:Notice
    Citation:86 FR 1497
    Reading Time:about 2 minutes

    The Federal Reserve System is reviewing applications under the Change in Bank Control Act to allow certain individuals to acquire shares in a bank or bank holding company. These applications involve members of the Fishback family and related trusts looking to retain or increase their shares in Fishback Financial Corporation and, by extension, First Bank & Trust in Brookings, South Dakota. Public comments about these applications must be submitted by January 25, 2021. Interested parties can view these applications at specified Federal Reserve Banks or contact the Board of Governors for more information.

    Simple Explanation

    The Federal Reserve System is checking if certain people from the Fishback family can get more shares in a bank in South Dakota, and anyone who wants to say something about it needs to do so before January 25, 2021.

  • Type:Notice
    Citation:90 FR 9032
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain individuals have applied under the Change in Bank Control Act to acquire shares in a bank or bank holding company. The applications and associated information are available for public inspection at specified Federal Reserve Banks. Individuals can express their opinions on these applications by submitting written comments, which will be publicly disclosed without modifications. Comments must be submitted by February 20, 2025, either to the specified Reserve Bank or the Board of Governors in Washington, DC.

    Simple Explanation

    The Federal Reserve is letting people know that some individuals want to buy part of a bank, and you can tell them what you think about this by writing a comment. You can see the details at some Federal Reserve locations or online, and you need to send your thoughts by February 20, 2025.

  • Type:Notice
    Citation:90 FR 15570
    Reading Time:about a minute or two

    The document is a notice from the Federal Reserve System about applications submitted under the Change in Bank Control Act. These applications involve individuals and entities seeking to acquire shares of a bank or bank holding company. The public can review the applications and submit comments, which will be publicly disclosed. Comments should be sent to the relevant Federal Reserve Bank or the Board of Governors by April 29, 2025.

    Simple Explanation

    The Federal Reserve is letting people know that some are trying to buy parts of a bank and asking the public to share their thoughts by the end of April 2025. They will make comments available for everyone to see, but they promise not to share any secret business info.

  • Type:Notice
    Citation:86 FR 92
    Reading Time:about 2 minutes

    The Federal Reserve System announced that individuals and groups have submitted applications to acquire shares of banks or bank holding companies, as outlined in the Change in Bank Control Act. These applications are being reviewed based on specific factors detailed in the Act. The public can view these applications and related documents at certain Federal Reserve Bank locations or online. Comments on the applications must be submitted by January 19, 2021.

    Simple Explanation

    The Federal Reserve is checking if people can buy big pieces of banks. They want to make sure everything is safe and fair, so people can say what they think about it until January 19, 2021.

  • Type:Notice
    Citation:90 FR 11833
    Reading Time:about 2 minutes

    The Federal Reserve System has announced that people listed in the notice have applied to gain control of shares in a bank or bank holding company under the Change in Bank Control Act. Interested individuals can review the public parts of the applications at the Federal Reserve Banks or through the Board's website. The public can also send their comments on these applications, but they should be aware that any information shared will be publicly disclosed. Comments on the applications should be submitted by March 27, 2025.

    Simple Explanation

    The Federal Reserve is giving some people a chance to buy parts of a bank, and they want to make sure everyone knows about it and can say what they think before a certain date. People can check the details online or at specific places and tell the Federal Reserve what they think by the end of March.

  • Type:Notice
    Citation:89 FR 101014
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from individuals and groups seeking to acquire shares of banks or bank holding companies under the Change in Bank Control Act. In the Chicago region, the Brady Family Control Group intends to acquire shares of Community Financial Corp. and Community Savings Bank in Iowa. Meanwhile, in the Kansas City region, the Whitham Family Control Group plans to acquire shares of Whitcorp Financial Company and its associated banks in Kansas and Colorado. The public can view these applications and submit comments by a specified deadline, which will be publicly disclosed.

    Simple Explanation

    The Federal Reserve received requests from families in different areas to buy parts of banks, and people can tell the Fed what they think about these requests, but they need to be careful not to share any private information.

  • Type:Notice
    Citation:90 FR 9431
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice about applications under the Change in Bank Control Act. This announcement concerns individuals and trusts seeking to acquire shares in banks or bank holding companies. Specifically, the Pratt Family PFBS Irrevocable Trust aims to join a control group to acquire voting shares of PFBS Holdings, Inc., which would give them control over Lakeside Bank in Texas. Comments on these applications are welcome until February 27, 2025, and can be submitted to the Federal Reserve Bank of Dallas or the Board of Governors.

    Simple Explanation

    The Federal Reserve has a new rule: if someone wants to buy lots of bank shares to gain control, like a family or trust, they need to ask for permission. Right now, a family trust wants to control a bank in Texas, and people can tell the Federal Reserve what they think about this until February 27, 2025.

  • Type:Notice
    Citation:90 FR 9628
    Reading Time:about 2 minutes

    The Federal Reserve System has announced that certain individuals and trusts have submitted applications under the Change in Bank Control Act to acquire shares of specific banks or bank holding companies. The Price & Minta Ford Living Trust, with Price Ford and Minta Ford as co-trustees, from Memphis, Tennessee, aims to gain additional shares in Commercial Holding Company, Inc., and indirectly, Commercial Bank & Trust Company in Paris, Tennessee. Meanwhile, the Steve Burrage 2024 Succession Trust and the Roberta Burrage 2024 Succession Trust look to become part of the Burrage Family Control Group to acquire shares in First Antlers Bancorporation, Inc., and indirectly FirstBank in Antlers, Oklahoma. Public comments on these applications are invited until March 3, 2025.

    Simple Explanation

    The government is looking into some people and groups who want to buy more parts of certain banks, like owning more of the bank or company. They are asking people to tell them what they think about these plans by a certain date.

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