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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.

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.

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.

The Federal Reserve System has released a notice regarding certain companies planning to engage in or acquire companies involved in nonbanking activities, as permitted under the Bank Holding Company Act and Regulation Y. The activities are considered closely related to banking and will be conducted across the United States. The public can inspect the applications at certain Federal Reserve Banks or contact the Board's Freedom of Information Office for expedited requests. Comments from the public are invited and must be submitted by January 31, 2025, to the appropriate offices of the Federal Reserve System.

The Federal Reserve System announced that several companies have applied to either engage in new nonbanking activities or acquire companies involved in such activities, as permitted under the Bank Holding Company Act and Regulation Y. These activities can be carried out directly or through subsidiaries. The public can review the applications at designated Federal Reserve Banks or related online resources, and is invited to submit comments until February 18, 2021. An example of a company pursuing this is New Republic Partners, Inc. from North Carolina, which plans to start financial and investment advisory services through a wholly-owned subsidiary.

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 received applications from individuals and groups who want to acquire shares in banks or bank holding companies. These applications are reviewed under the Change in Bank Control Act, and the public can view them at the respective Federal Reserve Banks or online. Comments from the public are welcome but should not include confidential details, as they will be made publicly available. Two specific applications have been mentioned: one involving trustees retaining shares in Community Financial Services in Kentucky, and another concerning individuals joining a family group to acquire shares in Carlson Bankshares in Minnesota.

The Board of Governors of the Federal Reserve System has provided final guidance clarifying that its existing Guidelines for accessing accounts and services at the Federal Reserve Banks now include Excess Balance Accounts (EBAs). This means that EBAs, which allow eligible institutions to earn interest on surplus funds without affecting correspondent-respondent bank relationships, must adhere to the same risk-based principles and review standards as other accounts and services. The change prevents entities that don't qualify for standard Federal Reserve accounts from accessing the Reserve Bank's balance sheet indirectly through EBAs. Implementation of this guidance begins on December 12, 2024.

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 received applications from several individuals and trusts to acquire shares in a bank or bank holding company. This is under the Change in Bank Control Act and the Board's Regulation Y. Details of these applications are available for public viewing at the specified Federal Reserve Banks or the Board of Governors' offices. Interested parties can submit their comments on these applications by February 18, 2021.