Search Results for keywords:"Bank Holding Company Act"

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Search Results: keywords:"Bank Holding Company Act"

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  • 2025-02658 — Notice of Proposals To Engage In or To Acquire Companies Engaged in Permissible Nonbanking Activities
    Type:Notice
    Citation:90 FR 9628
    Reading Time:about 2 minutes

    The Federal Reserve System has announced a notice under section 4 of the Bank Holding Company Act. This details the plans of some companies to engage in or acquire businesses conducting nonbanking activities, which are permissible for bank holding companies. The notice specifically mentions WaFd, Inc., a company based in Seattle, Washington, which intends to start new ventures offering financial and investment advisory services as well as trust company functions. Comments from the public are invited, with a deadline of March 3, 2025, and these comments will be publicly accessible except for any confidential information.

    Simple Explanation

    The Federal Reserve System is letting people know that a company called WaFd, Inc. wants to start new businesses in giving advice about money and handling trusts. People can say what they think about this idea until March 3, 2025.

  • 2021-00092 — Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
    Type:Notice
    Citation:86 FR 1497
    Reading Time:about a minute or two

    The Federal Reserve System is announcing that certain companies have applied to engage in nonbanking activities as permitted under the Bank Holding Company Act and Regulation Y. Interested individuals can review the public sections of these applications at the Federal Reserve Banks and submit written comments about whether these proposals meet the necessary standards by February 8, 2021. For example, Commerce Bancshares, Inc. seeks to retain a mortgage company to engage in credit and loan services. The public can also request information through the Federal Reserve's website or by contacting specific Reserve Banks.

    Simple Explanation

    The Federal Reserve is letting people know that some companies want to do new types of banking activities that don’t involve typical banks. People can look at these requests and say what they think about them until February 8, 2021.

  • 2021-01075 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 5196
    Reading Time:about a minute or two

    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.

    Simple Explanation

    The Federal Reserve, which helps keep banks in check, announced that one big bank wants to buy another, and another small company wants to become a bank by buying a tiny bank. People can say what they think about these changes until February 18, 2021.

  • 2020-29034 — Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
    Type:Notice
    Citation:86 FR 98
    Reading Time:about a minute or two

    The Federal Reserve System published a notice regarding companies planning to engage in permissible nonbanking activities. These activities are under section 4 of the Bank Holding Company Act and Regulation Y. The notice includes information on how the public can view the applications and submit comments. Specifically, it mentions that the Caisse Fédérale de Crédit Mutuel and its subsidiaries intend to engage in financial and investment advisory activities in the United States through their subsidiary, Transatlantique Private Wealth LLC.

    Simple Explanation

    The Federal Reserve System shared a notice about some companies wanting to offer money advice services in the U.S. It mentions a particular company called Transatlantique Private Wealth LLC, which plans to do this through its parent, Caisse Fédérale de Crédit Mutuel.

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