Search Results for keywords:"First Bank

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Search Results: keywords:"First Bank

  • 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 3213
    Reading Time:about 3 minutes

    The Federal Reserve System announced a notice regarding applications for approval to form or acquire bank holding companies. The applications are in accordance with the Bank Holding Company Act of 1956 and related regulations. This notice lists UIR Acceptance Corporation, based in Lemont, Illinois, applying to become a bank holding company by acquiring Easton Bancshares, Inc., and Community Bank of Easton, both located in Easton, Illinois. The public can view these applications and submit comments to the responsible Federal Reserve Bank or the Board of Governors.

    Simple Explanation

    The Federal Reserve System is sharing news about a company called UIR Acceptance Corporation wanting to buy another bank company. People can see these plans and tell the Federal Reserve what they think, but they should know their comments will be shared publicly.

  • Type:Notice
    Citation:89 FR 96653
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain companies have applied for approval to become bank holding companies or to acquire ownership of existing banks or bank holding companies. Interested individuals can review these applications at Federal Reserve Banks or the Board of Governors' office and may submit comments on the applications by January 6, 2025. One specific transaction mentioned involves Atlantic Union Bankshares Corporation seeking to acquire Sandy Spring Bancorp, Inc., and its subsidiary, Sandy Spring Bank. Comments on these proposals are subject to public disclosure and should not include confidential information.

    Simple Explanation

    Some companies want to become part of a big bank family or buy other banks, and the people in charge say you can look at their plans and say what you think about them until January 6, 2025. Atlantic Union wants to buy a bank named Sandy Spring, and everyone can share their thoughts, but they need to remember that what they say will be visible to everyone.

  • Type:Notice
    Citation:86 FR 10966
    Reading Time:about a minute or two

    The Federal Reserve System has published a notice listing companies that have applied for approval to become bank holding companies or to acquire significant portions of existing bank holding companies, as per the Bank Holding Company Act. The notice invites public comments on these applications, which should be sent to the designated Federal Reserve Bank or the Board of Governors by March 25, 2021. Examples include the Banner County Ban Corporation Employee Stock Ownership Plan and Trust seeking to increase its stake in Banner County Ban Corporation, and Carpenter Acquisition Corporation aiming to become a bank holding company by acquiring First Colorado Financial Corp.

    Simple Explanation

    The Federal Reserve System is telling people about companies that want to be in charge of banks or own big parts of them. They want everyone to know about it and give their thoughts by March 25, 2021.

  • Type:Notice
    Citation:90 FR 8132
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice regarding applications from companies seeking approval to become or acquire a bank holding company. These applications, which fall under the Bank Holding Company Act of 1956 and related regulations, are open for public inspection at designated Federal Reserve Banks and the Board of Governors' offices. Individuals can submit their written comments on these applications by February 24, 2025. The notice includes an application by First Missouri Bancshares, Inc. to acquire CCSB Financial Corp. and its subsidiary, Clay County Savings Bank.

    Simple Explanation

    The Federal Reserve System wants to make sure all the rules are followed when one company tries to become a big bank or buy another bank, and they're asking people to share their thoughts by February 24, 2025. They're letting everyone know that First Missouri Bancshares wants to buy CCSB Financial Corp. and its bank, so if you have any ideas or worries, you can tell them!

  • Type:Notice
    Citation:90 FR 8296
    Reading Time:about 2 minutes

    The Federal Reserve System published a notice regarding applications from several companies seeking approval to become or acquire bank holding companies. The process is regulated under the Bank Holding Company Act of 1956 and other relevant laws. This notice lists specific applications, including the Lindsey Family Trust's proposal to acquire The Trust Bank in Georgia, Morning Sun Bank Corp.'s plan to acquire First Trust and Savings Bank in Iowa, and Old National Bancorp's acquisition of Bremer Bank in Minnesota. The public can inspect these applications and submit comments, which will be publicly disclosed.

    Simple Explanation

    The Federal Reserve is like a big helper that checks if companies can become or buy banks. They’re looking at three companies' plans to buy banks right now. People can learn about these plans and tell the helpers what they think by a certain day.

  • Type:Notice
    Citation:89 FR 105048
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice regarding companies that have applied to become bank holding companies or to acquire control over banks or other bank holding companies. These applications are being processed under the Bank Holding Company Act. People can view the public parts of these applications at certain Federal Reserve Banks and the Board of Governors' offices, or request them online. The public can submit comments on these applications until January 27, 2025, but should avoid including confidential information in their submissions.

    Simple Explanation

    The Federal Reserve is letting everyone know that some companies want to become owners of banks, and they are asking people to share their thoughts about this until January 27, 2025. You can look at these requests online, but be careful not to share any secrets when you tell them what you think.

  • Type:Notice
    Citation:90 FR 13751
    Reading Time:about 2 minutes

    The document is a notice from the Federal Reserve System about applications made by certain companies to become bank holding companies or to merge with other financial institutions. Lake Shore, MHC in New York plans to transition from mutual to stock ownership and become a commercial bank under a new corporation named Lake Shore Bancorp, Inc. Capra Financial, Inc. in Iowa has applied to become a bank holding company by acquiring Capra Bank. Additionally, Orion Bancorporation, Inc. in Illinois seeks to merge with Mechanicsville Bancshares, Inc. to indirectly acquire Bridge Community Bank. Public comments on these applications are invited before April 25, 2025.

    Simple Explanation

    Some companies want to become big bank owners or join with other banks, and they told the government about it. The government is asking people to share their thoughts on this before April 25, 2025.

  • Type:Notice
    Citation:90 FR 13365
    Reading Time:about 2 minutes

    The Federal Reserve System has announced that several companies have applied for approval to become bank holding companies or to acquire existing banks or bank holding companies. The applications are open for public inspection and comment, and interested parties can submit their views by April 21, 2025. Specific applications include Avidia Bancorp, Inc. in Massachusetts seeking to merge and form a bank holding company, and North Texas Bancshares, Inc. in Texas aiming to acquire another financial corporation. Comments will be publicly disclosed, so they should not contain confidential information.

    Simple Explanation

    Several companies want to either join together to make a new bank or buy existing banks. People can read about their plans and share their thoughts. They have until April 21, 2025, to say what they think.

  • Type:Notice
    Citation:86 FR 7869
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from companies seeking approval to become bank holding companies or to acquire assets or control of existing banks or bank holding companies. These applications are made under the Bank Holding Company Act of 1956, along with Regulation Y and other relevant laws. The public portions of these applications can be inspected at specified Federal Reserve Bank locations or online. Interested parties may submit their views in writing by March 4, 2021, regarding the standards outlined in the Act, especially concerning an application from VeraBank, Inc., in Henderson, Texas, to acquire Panola National Bank in Carthage, Texas.

    Simple Explanation

    The Federal Reserve System has received applications from companies that want to become bank bosses or buy other banks, and people can send in their thoughts about one of these applications by March 4, 2021.