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

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.

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.

In a notice from the Federal Reserve System, several companies applied to become bank holding companies or to acquire banks or bank holding companies. These applications are in accordance with the Bank Holding Company Act of 1956 and the regulations included. The public can inspect the applications and related files at designated Federal Reserve Banks and the Board of Governors' offices. Comments on the applications are invited from the public and must be submitted by January 13, 2025, with all responses being subject to public disclosure.

The Federal Reserve System has announced that certain companies have applied for approval to form or acquire bank holding companies. These applications are compliant with the Bank Holding Company Act of 1956 and related regulations. Interested individuals can inspect the applications at specified Federal Reserve Banks or on the Federal Reserve's website. Comments on these applications must be submitted in writing by April 3, 2025, and will be publicly disclosed.

In the Federal Register from December 26, 2024, a notice was published by the Federal Reserve Bank of Chicago, originally under the title "Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities." This has been corrected to "Formations of, Acquisitions by, and Mergers of Bank Holding Companies." The correction clarifies that the company involved applied to become a bank holding company or acquire control of one under the Bank Holding Company Act of 1956. It also corrects that entities referred to as savings and loan holding companies are actually bank holding companies. The comment period for the public remains open until January 27, 2025.

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.