Search Results for keywords:"Commercial Bank

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Search Results: keywords:"Commercial Bank

  • 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 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 10638
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from individuals and family trusts known as the Jones Control Group. They are seeking permission to retain shares and control of the Commercial National Corporation in Texas and its related financial entities. The public is invited to comment on these applications by March 12, 2025, and such comments will be publicly accessible. Any comments should be sent to the Federal Reserve Bank of Dallas or the Board of Governors.

    Simple Explanation

    The Federal Reserve is checking if the Jones family can keep owning part of a bank in Texas. People can tell the Reserve what they think about this until March 12, 2025.

  • Type:Notice
    Citation:90 FR 16130
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from the individuals and trusts of the Maifeld Family to acquire shares in Clarkel, Inc., and indirectly Iowa State Bank in Clarksville, Iowa. This action is part of a process under the Change in Bank Control Act, which involves evaluating specific factors before approval. The public can access details about these applications at certain Federal Reserve Bank locations and online. Interested parties are invited to submit written comments on the applications, which are due by May 2, 2025, and these comments will be publicly available.

    Simple Explanation

    The people from the Maifeld Family want to buy part of a bank in Iowa, and the bank's bosses need to think about some rules before giving them a thumbs up. Anyone who wants to say something about this buying plan can write in before May 2, 2025.

  • Type:Notice
    Citation:90 FR 4742
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain individuals have applied to acquire shares in a bank or bank holding company under the Change in Bank Control Act. The applications are available for public inspection and comment before January 31, 2025, at the Federal Reserve Bank of Minneapolis and the Board of Governors in Washington, DC. Specifically, Gabrielle Pogatchnik from Philadelphia is seeking to join the Pogatchnik Family Control Group to retain shares in Finlayson Bancshares, which owns First Independent Bank and Northview Bank in Minnesota. Comments submitted will be publicly disclosed, and should not contain confidential information unsuitable for public disclosure.

    Simple Explanation

    Some people want to buy shares in a company that owns a bank, and now others can look at what they want to do and say their opinions by the end of January 2025.

  • Type:Notice
    Citation:90 FR 11607
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from individuals and groups who want to acquire shares in banks or bank holding companies. These applications are reviewed under the Change in Bank Control Act, and the public can view them at the respective Federal Reserve Banks or online. Comments from the public are welcome but should not include confidential details, as they will be made publicly available. Two specific applications have been mentioned: one involving trustees retaining shares in Community Financial Services in Kentucky, and another concerning individuals joining a family group to acquire shares in Carlson Bankshares in Minnesota.

    Simple Explanation

    The Federal Reserve is looking at requests from people who want to own parts of banks, just like you might share toys with your friends. They want to make sure everything is fair, and people can tell the Federal Reserve what they think, just like when you talk about sharing rules in kindergarten.

  • Type:Notice
    Citation:90 FR 10729
    Reading Time:about 2 minutes

    The Federal Reserve System received applications from several individuals and trusts to acquire shares of Guaranty Bancorp, Inc., and Woodsville Guaranty Savings Bank, both located in Woodsville, New Hampshire. The public can inspect the application details and other filings at the indicated Federal Reserve Banks or on the Board of Governors' website. Comments about the applications must be submitted by March 13, 2025, and will be publicly disclosed without alterations, so personal or confidential information should not be included.

    Simple Explanation

    The Federal Reserve System is looking at requests from some people who want to buy a part of two banks in New Hampshire. They’re asking people to share their thoughts on this by March 13, 2025, and everyone can read these thoughts, so people shouldn’t include secrets or personal information.

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

    The Federal Reserve System announced that certain individuals have applied to acquire shares of a bank or bank holding company under the Change in Bank Control Act. These applications are publicly available for review at specific Federal Reserve locations and can be requested online. Interested parties can submit their comments by January 6, 2025, but should be aware that these comments will be made public without alteration. One specific application involves Richard and Beth Wright, who intend to retain voting shares in Milco Bancorporation, Inc., and indirectly in the Bank of Iberia, both in Missouri.

    Simple Explanation

    Some people want to buy shares (like a small part) of a bank, and the Federal Reserve is checking to make sure everything is okay. People can tell the Federal Reserve what they think about this plan by sending in their thoughts, but these will be shared for everyone to see.

  • Type:Notice
    Citation:90 FR 10500
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from various individuals and trusts seeking approval to acquire shares in a bank or bank holding company under the Change in Bank Control Act. The applications, which detail the involved parties from the Scott Family Group, aim to retain voting shares of Scott Bancshares, Inc., and Scott State Bank in Illinois. The public can view these applications and submit comments, which will be made publicly available. Comments must be sent to the designated Federal Reserve Bank or the Board of Governors by March 11, 2025.

    Simple Explanation

    The Federal Reserve is letting people know that some families want to buy shares in certain banks in Illinois, and they would like everyone's thoughts by March 11, 2025. People can see these requests and share what they think, but they need to be careful because their comments might be shared with others.

  • Type:Notice
    Citation:89 FR 95213
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act from individuals and trusts seeking to acquire shares of banks or bank holding companies. These applications are available for public inspection at the relevant Federal Reserve Banks and online. Interested individuals can submit their comments, which are publicly disclosed, before December 17, 2024. For example, William F. Dugan from Nebraska intends to acquire shares in Flatirons Bank, and the Glenn R. Hamilton Trust, along with Glenn Hamilton and Marsha Hamilton, is looking to maintain and extend their control over Community First Bank in Missouri.

    Simple Explanation

    The Federal Reserve System is looking at requests from people who want to buy parts of some banks. These requests can be looked at online, and anyone can say what they think about it before December 17, 2024.