Search Results for keywords:"bank holding companies"

The Federal Reserve System announced a notice regarding applications for approval to form or acquire bank holding companies. The applications are in accordance with the Bank Holding Company Act of 1956 and related regulations. This notice lists UIR Acceptance Corporation, based in Lemont, Illinois, applying to become a bank holding company by acquiring Easton Bancshares, Inc., and Community Bank of Easton, both located in Easton, Illinois. The public can view these applications and submit comments to the responsible Federal Reserve Bank or the Board of Governors.

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.

The Federal Reserve Board has established new rules to adjust the capital and stress testing requirements for large bank holding companies and intermediate holding companies. These rules are tailored to the risk levels of different companies, with specific standards set for firms falling under "Category IV" based on the Board's revised prudential framework. This update aligns with previous rule changes and includes modifications to capital planning, stress tests, and regulatory reporting requirements. The final rule also requires certain savings and loan holding companies to adhere to similar capital planning and stress testing standards.

The Federal Reserve System has received applications from several companies seeking approval to become bank holding companies or to acquire control over existing banks or bank holding companies. The applications are filed under the Bank Holding Company Act of 1956 and adhere to applicable regulations. Public comments on these applications must be submitted by February 10, 2021. The applications can be inspected at specified Federal Reserve Banks or the Board of Governors' offices, with further access available through their Freedom of Information Office.

The Federal Reserve System has announced a notice concerning several companies seeking approval to become bank holding companies or to acquire control of banks or bank holding companies. These applications are submitted under the Bank Holding Company Act and related regulations. The public can view the applications and related documents at specified Federal Reserve Banks and the Board of Governors' offices. Comments from the public are welcomed but must be submitted by April 2, 2025, and should not include any confidential information that shouldn't be publicly disclosed.

The Federal Reserve System has received applications from companies that want to become bank holding companies or acquire control over existing banks or bank holding companies. Interested people can review these applications and submit comments. Comments should be submitted by March 13, 2025, and any information included in them will be publicly accessible. One specific application is from Yoakum National Bancshares, Inc., aiming to acquire Ganado Bancshares, Inc., and thereby gain control over Citizens State Bank in Texas.

The Federal Reserve System has announced several applications for review involving bank holding companies. These applications, governed by the Bank Holding Company Act, include Huntington Bancshares Incorporated's plan to acquire TCF Financial Corporation and First Cahawba Bancshares, Inc.'s proposal to become a bank holding company by acquiring First Cahawba Bank. Interested parties can review the applications and submit their comments to the respective Federal Reserve Banks or the Board of Governors by February 18, 2021.

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.

The Federal Reserve System announced that several companies have applied for approval to become bank holding companies or to acquire assets or control of banks or bank holding companies. Public portions of these applications are available for inspection at specific Federal Reserve Banks and online through the Federal Reserve's website. Interested individuals can submit their comments about these applications by February 5, 2021. One notable application involves PNC Financial Services Group, Inc. and PNC Bancorp, Inc. seeking to acquire BBVA USA Bancshares, Inc. and indirectly BBVA USA.

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.