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

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

  • 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:86 FR 9504
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several individuals have applied to purchase shares of a bank or bank holding company under the Change in Bank Control Act. These applications and related filings are open for public inspection at designated Federal Reserve Banks, and members of the public can submit written comments about these applications by March 3, 2021. One specific application involves Scott A. Schoenmann from Wisconsin, who wants to retain voting shares in The Peoples Community Bancshares, Inc., and indirectly in The Peoples Community Bank. The notice is officially recorded under the document number 2021-03050 and includes information on where further details can be accessed.

    Simple Explanation

    The Federal Reserve System is letting people know that there are plans for some individuals to buy parts of a bank, and they can give their opinions about it. One person from Wisconsin, Scott A. Schoenmann, wants to keep some say in his bank, and everyone can check the details and share thoughts until March 3, 2021.

  • 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 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 10927
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals intending to acquire shares in a bank or bank holding company. These applications, submitted under the Change in Bank Control Act and corresponding regulations, are open for public inspection at specified Federal Reserve Banks. Interested parties can submit their comments until March 17, 2025, and the comments may be publicly disclosed. Specifically noted is an application involving the Buckeye State Bank's employee stock ownership plan and trustees looking to retain voting shares in Ohio.

    Simple Explanation

    The Federal Reserve is checking if some people can buy parts of a bank in Ohio, and they want to know what other people think about this by March 17, 2025. People can read what the bank has sent to the Federal Reserve and can also say if they're okay with it or not.

  • Type:Notice
    Citation:86 FR 11530
    Reading Time:about 3 minutes

    The Federal Reserve System has announced that several individuals and groups have applied to acquire shares of banks or bank holding companies under the Change in Bank Control Act. These applications are being reviewed based on specific factors outlined in the law. The public can inspect the details of these applications and submit comments until March 12, 2021. Families and individuals from Missouri and Kansas are among the applicants aiming to retain or acquire control over various banking institutions.

    Simple Explanation

    Some people and families want to buy parts of banks, and the Federal Reserve is checking to make sure it's okay. People can say what they think about this until March 12, 2021.

  • 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:90 FR 8528
    Reading Time:about 2 minutes

    The Federal Reserve System has released a notice regarding applications submitted under the Change in Bank Control Act. These applications involve individuals and groups seeking to acquire or retain voting shares of certain banks and bank holding companies. For instance, one application involves a group in New Jersey attempting to acquire more voting shares of Bankwell Financial Group, Inc., in Connecticut. Another involves individuals in Texas looking to acquire shares of Relationship Financial Corporation and its subsidiary, Guadalupe Bank. Interested parties can review these applications and submit comments by February 14, 2025.

    Simple Explanation

    In a new notice, the Federal Reserve System is talking about people or groups trying to buy more pieces, or "shares," of certain banks. This is like when someone wants to own more parts of a toy shop in a new town. People can look at what is happening and tell the people in charge how they feel about it until February 14, 2025.

  • Type:Notice
    Citation:89 FR 95213
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act from individuals and trusts seeking to acquire shares of banks or bank holding companies. These applications are available for public inspection at the relevant Federal Reserve Banks and online. Interested individuals can submit their comments, which are publicly disclosed, before December 17, 2024. For example, William F. Dugan from Nebraska intends to acquire shares in Flatirons Bank, and the Glenn R. Hamilton Trust, along with Glenn Hamilton and Marsha Hamilton, is looking to maintain and extend their control over Community First Bank in Missouri.

    Simple Explanation

    The Federal Reserve System is looking at requests from people who want to buy parts of some banks. These requests can be looked at online, and anyone can say what they think about it before December 17, 2024.