Search Results for keywords:"Commercial Bank

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Search Results: keywords:"Commercial Bank

  • Type:Notice
    Citation:86 FR 2417
    Reading Time:about a minute or two

    The Federal Reserve System announced that certain individuals are seeking approval under the Change in Bank Control Act to gain control over shares in specific banks or bank holding companies. These applications are open for public inspection at designated Federal Reserve Bank locations and can also be requested from the Board's Freedom of Information Office. Interested parties have until January 27, 2021, to submit written comments on the applications. The notice specifically mentions individuals and trusts from California and Iowa looking to retain voting shares in Keystone Savings Bank and Peoples Savings Bank, respectively.

    Simple Explanation

    Some people want to own more pieces of certain banks, and the Federal Reserve is checking to make sure it's okay. They are letting other people look at the details and share their opinions until January 27, 2021.

  • 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.

  • Type:Notice
    Citation:86 FR 7292
    Reading Time:about 3 minutes

    The Federal Reserve System has received applications from individuals and groups under the Change in Bank Control Act to acquire or retain shares in various banks and bank holding companies. These applications are open for public inspection at specified Federal Reserve Banks and the Board of Governors. Interested parties can submit written comments by February 11, 2021. Notable applications include the McHugh family seeking to retain shares in McHugh Investment Company, and the Oliver Family Group aiming to acquire additional shares in Valliance Financial Corp.

    Simple Explanation

    The Federal Reserve is checking to make sure that some families who want to buy or keep more parts of banks are okay to do so, and people can tell the Reserve what they think about it before a certain date.

  • Type:Notice
    Citation:86 FR 539
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares in banks or bank holding companies. These applications are being reviewed based on specified factors from the Act. Public information about these applications can be accessed at Federal Reserve Banks and the Board of Governors' offices or requested online. Comments from the public are welcomed, provided they are submitted by January 21, 2021, to the appropriate authorities.

    Simple Explanation

    The Federal Reserve System wants to know what people think about some people trying to buy big parts of banks. They are listening to everyone's ideas and thoughts until January 21, 2021, to help them decide if these people should be allowed to do it.

  • 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:89 FR 107142
    Reading Time:about 2 minutes

    The Federal Reserve System has announced that individuals listed in the notice have applied to acquire shares of banks or bank holding companies under the Change in Bank Control Act. The applications are open for public inspection at the Federal Reserve Banks mentioned and the Board of Governors. Public comments on these applications, which are subject to disclosure, can be submitted until January 15, 2025. One application involves Dominik Mjartan and Georgia Miller Mjartan seeking shares in American Bancorp, Inc., while another involves the Sturm Family Control Group aiming to keep shares in Sturm Financial Group, Inc.

    Simple Explanation

    The Federal Reserve is checking if some people can buy parts of certain banks, and anyone can say what they think about this until January 15, 2025.

  • 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 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 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:86 FR 8016
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from several individuals and trusts to acquire shares in a bank or bank holding company. This is under the Change in Bank Control Act and the Board's Regulation Y. Details of these applications are available for public viewing at the specified Federal Reserve Banks or the Board of Governors' offices. Interested parties can submit their comments on these applications by February 18, 2021.

    Simple Explanation

    People want to buy pieces of a bank, and the big boss group needs to check if it's okay. Anyone who wants to say something about this has until February 18, 2021, to do so.