Search Results for keywords:"mergers"

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Search Results: keywords:"mergers"

  • Type:Notice
    Citation:86 FR 1111
    Reading Time:about a minute or two

    The Federal Reserve System is considering applications from companies that want to become or acquire bank holding companies under the Bank Holding Company Act of 1956. The notice mentions that these applications are available for public review at the selected Federal Reserve Banks and online. Comments from the public regarding these applications must be submitted by February 8, 2021. An example applicant listed is Marathon MHC and Marathon Bancorp, Inc. from Wisconsin, which seeks to acquire Marathon Bank as part of a transition from a mutual to a stock form.

    Simple Explanation

    The people at the Federal Reserve are looking at companies that want to own banks. They are asking folks to share their thoughts by February 8, 2021, but it's not clear how that works.

  • Type:Notice
    Citation:90 FR 13487
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies have applied for approval to become or merge with bank holding companies under the Bank Holding Company Act of 1956. These applications are available for public viewing at the specified Federal Reserve Banks and the Board of Governors' offices. The public can submit comments on these applications until April 23, 2025, but should avoid including any confidential information. For instance, Cornerstone Bancorp, Inc. is seeking to acquire Cornerstone Capital Bank, SSB, both based in Houston, Texas.

    Simple Explanation

    The Federal Reserve System is letting people know that some companies want to join together or become banks, and everyone can check out their plans and share what they think until April 2025. For example, there's a company called Cornerstone Bancorp, Inc. that wants to take over another bank in Houston, Texas.

  • Type:Notice
    Citation:90 FR 11174
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain companies have applied for approval to form or acquire bank holding companies. These applications are compliant with the Bank Holding Company Act of 1956 and related regulations. Interested individuals can inspect the applications at specified Federal Reserve Banks or on the Federal Reserve's website. Comments on these applications must be submitted in writing by April 3, 2025, and will be publicly disclosed.

    Simple Explanation

    The Federal Reserve is letting people know that some businesses want to start or buy banks, and they can check these requests online or at certain places. People can also write their thoughts about these plans, which will be shared so everyone can see them, but they have to do it by April 3, 2025.

  • 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: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:86 FR 9340
    Reading Time:about a minute or two

    The Federal Reserve System has announced a notice about several companies seeking approval to become bank holding companies or acquire existing ones. These applications are made under the Bank Holding Company Act of 1956 and related regulations. The public can inspect these applications at designated Federal Reserve Banks or via the Federal Reserve's Freedom of Information Office. Comments on these applications are invited and must be submitted by March 15, 2021.

    Simple Explanation

    Some companies want to become or join banks, and they're asking for permission to do so. People can look at these requests and say what they think by March 15, 2021.

  • Type:Notice
    Citation:89 FR 104153
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from several companies seeking approval to become bank holding companies or to acquire control of other banks or bank holding companies under the Bank Holding Company Act of 1956. The public can view these applications at the Federal Reserve Banks and the Board of Governors' offices, or request them online. People interested in these applications may submit their comments in writing by January 21, 2025. The applications include F&M Bancshares, Inc. acquiring Newcastle Bancshares, Inc. in Texas, and LevelField Financial, Inc. becoming a bank holding company by acquiring Burling Bank in Illinois.

    Simple Explanation

    The Federal Reserve is looking at applications from companies that want to either become or take over banks. People can check out these applications and share their thoughts on them until January 21, 2025.