Search Results for keywords:"mergers"

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Search Results: keywords:"mergers"

  • Type:Notice
    Citation:86 FR 3153
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain companies are seeking approval to become bank holding companies or acquire control of existing banks or bank holding companies. These applications are available for public inspection at specified Federal Reserve Banks and online. Interested individuals can submit written comments on these applications, which must be received by February 16, 2021. One noteworthy application is from SBWY Financial Corporation in Evanston, Wyoming, to acquire State Bank in Green River, Wyoming.

    Simple Explanation

    Some companies want to become big bosses of banks, and they need permission from a group called the Federal Reserve System. People can look at these plans and say what they think, but they need to send their opinions before a special date in February.

  • Type:Notice
    Citation:90 FR 11051
    Reading Time:about a minute or two

    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.

    Simple Explanation

    Some companies want to be bosses of banks, and they need permission to do that. The Federal Reserve is thinking about their requests, and people can say what they think until April 2, 2025.

  • Type:Notice
    Citation:90 FR 3213
    Reading Time:about 3 minutes

    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.

    Simple Explanation

    The Federal Reserve System is sharing news about a company called UIR Acceptance Corporation wanting to buy another bank company. People can see these plans and tell the Federal Reserve what they think, but they should know their comments will be shared publicly.

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

    The Federal Reserve System has announced that certain companies are seeking approval to become bank holding companies or to acquire control of banks or bank holding companies. These applications are open for public inspection and comment. For example, Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan intends to acquire 19.34% of Community Bancshares of Mississippi, Inc. Interested parties must submit their comments by March 18, 2021.

    Simple Explanation

    The Federal Reserve is letting everyone know that some companies want to own banks or more of the banks they already own, and people can say what they think about this until March 18, 2021.

  • 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:89 FR 96653
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain companies have applied for approval to become bank holding companies or to acquire ownership of existing banks or bank holding companies. Interested individuals can review these applications at Federal Reserve Banks or the Board of Governors' office and may submit comments on the applications by January 6, 2025. One specific transaction mentioned involves Atlantic Union Bankshares Corporation seeking to acquire Sandy Spring Bancorp, Inc., and its subsidiary, Sandy Spring Bank. Comments on these proposals are subject to public disclosure and should not include confidential information.

    Simple Explanation

    Some companies want to become part of a big bank family or buy other banks, and the people in charge say you can look at their plans and say what you think about them until January 6, 2025. Atlantic Union wants to buy a bank named Sandy Spring, and everyone can share their thoughts, but they need to remember that what they say will be visible to everyone.

  • 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 10826
    Reading Time:about a minute or two

    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.

    Simple Explanation

    The Federal Reserve is looking at requests from companies that want to own banks. People can say what they think about these requests until March 13, 2025, but their name and details will be shared with everyone.

  • Type:Notice
    Citation:90 FR 8936
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from companies interested in forming bank holding companies or acquiring banks. Interested parties can view these applications at the specific Federal Reserve Banks listed and the Board of Governors' offices. Public comments on the applications can be submitted until March 6, 2025. Notably, Independent Bank Corp. from Massachusetts aims to acquire Enterprise Bancorp, Inc., while Community Bank Holdings of Texas, Inc. seeks to take over CapTex Bancshares, Inc.

    Simple Explanation

    The Federal Reserve is checking if some companies can buy or start banks, and people have until March 6, 2025, to say what they think about it. But if they share their thoughts, everyone might get to see them, which could make some people shy about sharing.

  • Type:Notice
    Citation:90 FR 7696
    Reading Time:about a minute or two

    The Federal Reserve System has published a notice regarding applications by companies seeking approval to become bank holding companies or to acquire assets or shares of banks or bank holding companies. These applications are based on the Bank Holding Company Act of 1956 and other relevant regulations. Members of the public can access the application details and share their written feedback before February 21, 2025. Specifically, United Community Banks, Inc., based in Greenville, South Carolina, proposes to acquire ANB Holdings, Inc., and American National Bank in Oakland Park, Florida.

    Simple Explanation

    The Federal Reserve is telling people about a plan where one big bank wants to buy another bank, and anyone can say what they think about it before February 21, 2025.