Search Results for keywords:"Commercial Bank

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Search Results: keywords:"Commercial Bank

  • Type:Notice
    Citation:90 FR 12733
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from individuals and family groups seeking to acquire or retain shares in certain banks or bank holding companies. The D'Angelo Family Group intends to retain or acquire shares in First Greenwich Financial, Inc. and its associated bank in Connecticut. Meanwhile, the Kincaid Family Group plans to acquire shares in Northeast Kansas Bancshares, Inc. and other related banks in Kansas and Missouri. Public comments on these applications can be submitted to the relevant Federal Reserve Banks or the Board of Governors until April 3, 2025.

    Simple Explanation

    The Federal Reserve System, which is sort of like the manager of banks, got requests from two familiesβ€”the D'Angelo Family in Connecticut and the Kincaid Family in Kansas and Missouriβ€”who want to buy or keep owning parts of some banks. People can send their thoughts about this until April 3, 2025.

  • Type:Notice
    Citation:86 FR 8910
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals who want to acquire shares of a bank or bank holding company under the Change in Bank Control Act. These applications are public and can be inspected at specific Federal Reserve Banks or the Board of Governors' offices. The public can submit comments on these applications by February 25, 2021, to the addresses provided, including electronic submissions. One application involves Jeremy Francis Gilpin and Jeffrey Alan Smith seeking to acquire shares as a group in Community Bankshares, Inc., and its subsidiaries in Georgia and Alabama.

    Simple Explanation

    The Federal Reserve got a request from some people who want to buy parts of a bank to help it grow, and they are letting everyone know so people can say what they think by a certain date.

  • Type:Notice
    Citation:86 FR 11776
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act from various individuals from Kuwait wishing to acquire shares in Greater Pacific Bancshares. This acquisition would also allow them to indirectly hold shares in the Bank of Whittier, based in California. The applications are open for public inspection at the Federal Reserve Bank of San Francisco and the offices of the Board of Governors. Interested parties have until March 15, 2021, to share their views in writing about these applications.

    Simple Explanation

    The Federal Reserve is letting people know that some folks from Kuwait want to buy parts of a company that owns a small bank in California. People can say what they think about it by sending letters until March 15, 2021.

  • Type:Notice
    Citation:90 FR 12317
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several people from the Wilson family in Ava, Illinois, have applied to maintain control over the Headquarters Holding Company. This control allows them to indirectly hold shares in The First National Bank of Ava. The public can review parts of these applications online or at the Federal Reserve offices and submit written comments by April 1, 2025. Comments submitted will be publicly disclosed, so people should avoid including confidential information.

    Simple Explanation

    The Federal Reserve System is letting people know that a family in Illinois wants to keep owning part of a bank, and if people have thoughts about this, they can write them down and send them in.

  • Type:Notice
    Citation:90 FR 9972
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from various individuals and trusts wishing to acquire shares in banks and bank holding companies. These applications are being reviewed under the Change in Bank Control Act, and public comments on the applications are invited until March 7, 2025. Two sets of applications are highlighted: one involves the Arden Wolf Family Group seeking to acquire shares of Platte Valley Bancorp, Inc. in Nebraska, and the other involves the Whelan Family Group aiming to acquire shares of Relationship Financial Corporation and Guadalupe Bank in Texas. Information about these applications is available for public inspection at the relevant Federal Reserve Banks.

    Simple Explanation

    The Federal Reserve System is looking at requests from some people and family groups who want to own more pieces of certain banks. They want people to tell them what they think about this before March 7, 2025.

  • Type:Notice
    Citation:90 FR 13487
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares of a bank or bank holding company. Specifically, the Petrie Grandchildren Trust and related entities want to retain and acquire voting shares of Merchants Bancorp and Merchants Bank of Indiana in Carmel, Indiana. The public can view and comment on these applications, but comments need to be received by April 8, 2025, and may be disclosed to the public. The Federal Reserve Bank of Chicago is handling the applications, and comments can be submitted electronically or by mail.

    Simple Explanation

    The Federal Reserve is looking at whether certain people, like a group called the Petrie Grandchildren Trust, can buy shares in a bank called Merchants Bank of Indiana. People can say what they think about this, as long as they do it by a specific date, but they should be careful not to share any private information they want to keep secret.

  • Type:Notice
    Citation:89 FR 105604
    Reading Time:about a minute or two

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares in a bank or bank holding company. These applications are open for public inspection, and people can comment on them until January 13, 2025. Comments will be publicly disclosed, so they should not contain confidential information. One application involves members of the Kahn Family seeking to retain voting shares of United Iowa Bancshares Inc., and by extension, FNNB Bank in Newton, Iowa.

    Simple Explanation

    The government is checking if some people, like the Kahn Family, can own more of a bank, and they are asking what everyone thinks about it until January 13, 2025. People need to be careful not to share secrets when they tell what they think.

  • Type:Notice
    Citation:90 FR 16528
    Reading Time:about a minute or two

    The Federal Reserve System published a notice regarding change in bank control applications under the Change in Bank Control Act. Four individuals from Illinois are proposing to form the Throgmorton Family Control Group to retain voting shares in South Porte Financial Inc. and SouthernTrust Bank. Interested parties can submit comments, which must be received by May 5, 2025, and will be publicly disclosed without modification. The applications and related documents are available for inspection at specified Federal Reserve locations.

    Simple Explanation

    Some people in Illinois want to have control over a bank by keeping shares in it, and the Federal Reserve wants to let everyone know about it. If anyone has something to say about it, they must do so by May 5, 2025.

  • Type:Notice
    Citation:90 FR 9431
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice about applications under the Change in Bank Control Act. This announcement concerns individuals and trusts seeking to acquire shares in banks or bank holding companies. Specifically, the Pratt Family PFBS Irrevocable Trust aims to join a control group to acquire voting shares of PFBS Holdings, Inc., which would give them control over Lakeside Bank in Texas. Comments on these applications are welcome until February 27, 2025, and can be submitted to the Federal Reserve Bank of Dallas or the Board of Governors.

    Simple Explanation

    The Federal Reserve has a new rule: if someone wants to buy lots of bank shares to gain control, like a family or trust, they need to ask for permission. Right now, a family trust wants to control a bank in Texas, and people can tell the Federal Reserve what they think about this until February 27, 2025.

  • Type:Notice
    Citation:90 FR 1128
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals wishing to acquire shares of a bank or bank holding company, as specified under the Change in Bank Control Act. These applications, including related documents, are available for public review at designated Federal Reserve Banks and on the Federal Reserve's website. The public can submit comments on these applications, but any comments received will be disclosed publicly, meaning personal or confidential information should not be included. In particular, the notification includes individuals from Alabama seeking to join a control group to retain shares in FBDC Financial Corp. and First Fidelity Bank.

    Simple Explanation

    The Federal Reserve System is letting people who want to buy shares in a bank or banking company send in their applications. Everyone can look at these applications and say what they think, but they shouldn't share anything private because anything they say will be shared with everyone.