Search Results for keywords:"First Bank

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Search Results: keywords:"First Bank

  • Type:Notice
    Citation:86 FR 7869
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from companies seeking approval to become bank holding companies or to acquire assets or control of existing banks or bank holding companies. These applications are made under the Bank Holding Company Act of 1956, along with Regulation Y and other relevant laws. The public portions of these applications can be inspected at specified Federal Reserve Bank locations or online. Interested parties may submit their views in writing by March 4, 2021, regarding the standards outlined in the Act, especially concerning an application from VeraBank, Inc., in Henderson, Texas, to acquire Panola National Bank in Carthage, Texas.

    Simple Explanation

    The Federal Reserve System has received applications from companies that want to become bank bosses or buy other banks, and people can send in their thoughts about one of these applications by March 4, 2021.

  • Type:Notice
    Citation:86 FR 10966
    Reading Time:about a minute or two

    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.

    Simple Explanation

    The Federal Reserve System is telling people about companies that want to be in charge of banks or own big parts of them. They want everyone to know about it and give their thoughts by March 25, 2021.

  • 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:86 FR 11775
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies are applying to become bank holding companies or to acquire control over banks or bank holding companies. These actions are in accordance with the Bank Holding Company Act and related regulations. One such application is from Sunstate Bancshares, Inc., which aims to acquire Sunstate Bank in Miami, Florida. Public comments on these applications need to be submitted by March 29, 2021, addressed to the specific Federal Reserve Bank or the Board of Governors in Washington, DC.

    Simple Explanation

    In this notice, the Federal Reserve is talking about companies like Sunstate Bancshares wanting to own or take control over banks. People can say what they think by sending a letter before March 29, 2021.

  • Type:Notice
    Citation:90 FR 13365
    Reading Time:about 2 minutes

    The Federal Reserve System has announced that several companies have applied for approval to become bank holding companies or to acquire existing banks or bank holding companies. The applications are open for public inspection and comment, and interested parties can submit their views by April 21, 2025. Specific applications include Avidia Bancorp, Inc. in Massachusetts seeking to merge and form a bank holding company, and North Texas Bancshares, Inc. in Texas aiming to acquire another financial corporation. Comments will be publicly disclosed, so they should not contain confidential information.

    Simple Explanation

    Several companies want to either join together to make a new bank or buy existing banks. People can read about their plans and share their thoughts. They have until April 21, 2025, to say what they think.

  • Type:Notice
    Citation:86 FR 9340
    Reading Time:about a minute or two

    The Federal Reserve System has announced a notice about several companies seeking approval to become bank holding companies or acquire existing ones. These applications are made under the Bank Holding Company Act of 1956 and related regulations. The public can inspect these applications at designated Federal Reserve Banks or via the Federal Reserve's Freedom of Information Office. Comments on these applications are invited and must be submitted by March 15, 2021.

    Simple Explanation

    Some companies want to become or join banks, and they're asking for permission to do so. People can look at these requests and say what they think by March 15, 2021.

  • Type:Notice
    Citation:86 FR 12002
    Reading Time:about a minute or two

    The Federal Reserve System published a notice regarding applications from companies seeking approval to form, acquire, or merge bank holding companies. Two specific applications are highlighted: Eagle Financial Bancorp in Cincinnati, planning to become a bank holding company by acquiring EAGLE Bank, and Southern Bancorp, Inc. in Arkadelphia, aiming to merge with DeWitt First Bankshares Corporation to indirectly acquire Arkansas County Bank. The public can inspect these applications at the relevant Federal Reserve Banks and submit their comments by the end of March 2021.

    Simple Explanation

    The Federal Reserve System is looking at some companies that want to either take over or join banks. For example, a company called Eagle Financial Bancorp wants to buy a bank called EAGLE Bank, and Southern Bancorp, Inc. wants to merge with another company to get a different bank. People can share their thoughts about these changes before the end of March 2021.

  • Type:Notice
    Citation:89 FR 104153
    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 of other banks or bank holding companies under the Bank Holding Company Act of 1956. The public can view these applications at the Federal Reserve Banks and the Board of Governors' offices, or request them online. People interested in these applications may submit their comments in writing by January 21, 2025. The applications include F&M Bancshares, Inc. acquiring Newcastle Bancshares, Inc. in Texas, and LevelField Financial, Inc. becoming a bank holding company by acquiring Burling Bank in Illinois.

    Simple Explanation

    The Federal Reserve is looking at applications from companies that want to either become or take over banks. People can check out these applications and share their thoughts on them until January 21, 2025.

  • Type:Notice
    Citation:90 FR 8200
    Reading Time:about 2 minutes

    The Consumer Financial Protection Bureau (CFPB) announced a public meeting for the Community Bank Advisory Council and the Credit Union Advisory Council, scheduled for February 12, 2025. This virtual meeting is open to the public and will discuss policy matters such as the Bureau's Unified Regulatory Agenda. Members of the public are encouraged to RSVP and may submit written comments in advance. The agenda and meeting details will be available on the CFPB's website, and a recording of the meeting will be posted afterward.

    Simple Explanation

    The people who help make rules for banks and credit unions are having a meeting on February 12, 2025, and everyone can watch it on the internet. They will talk about plans for the future, and anyone can sign up to join or send in their thoughts before the meeting.

  • Type:Notice
    Citation:89 FR 107181
    Reading Time:about 20 minutes

    The Securities and Exchange Commission issued a temporary order and notice regarding an application from The Toronto-Dominion Bank and others for exemption from certain provisions of the Investment Company Act due to guilty pleas by TD Bank US Holding Company and TD Bank, N.A., related to anti-money laundering failures. The application seeks to exempt Epoch Investment Partners and other affiliated entities from disqualification rules that would negatively impact their ability to provide investment services to funds. The applicants argue that the misconduct was limited to certain entities and didn't involve Epoch, and they have taken steps to improve compliance practices. The temporary order allows them to continue services until a decision on a permanent order is made.

    Simple Explanation

    In a story about banks, the Securities and Exchange Commission told The Toronto-Dominion Bank and its friends that they could keep doing their job of helping people with their money while they wait to see if they can get special permission. This is because some of their friends made a mistake with money rules, but the bank said it wasn't them, and they want to keep helping people while they fix things.