Search Results for keywords:"Rollstone Bank

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Search Results: keywords:"Rollstone Bank

  • Type:Notice
    Citation:89 FR 103827
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice about companies seeking approval to form or acquire bank holding companies. These applications are pursuant to the Bank Holding Company Act and related regulations. One notable application is from Winchester Bancorp, MHC, which aims to become a bank holding company by acquiring a majority stake in Winchester Bancorp, Inc., and thus gain control over Winchester Savings Bank. The public can access the applications for inspection and are invited to submit comments by January 21, 2025.

    Simple Explanation

    The notice from the Federal Reserve System is about some companies asking permission to own banks. One company, Winchester Bancorp, wants to buy a lot of another bank to be in charge of it, and people can read about this and share their thoughts by January 21, 2025.

  • Type:Notice
    Citation:90 FR 3870
    Reading Time:about a minute or two

    In the Federal Register from December 26, 2024, a notice was published by the Federal Reserve Bank of Chicago, originally under the title "Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities." This has been corrected to "Formations of, Acquisitions by, and Mergers of Bank Holding Companies." The correction clarifies that the company involved applied to become a bank holding company or acquire control of one under the Bank Holding Company Act of 1956. It also corrects that entities referred to as savings and loan holding companies are actually bank holding companies. The comment period for the public remains open until January 27, 2025.

    Simple Explanation

    The Federal Reserve is fixing some mistakes they made in a December notice. They want to let everyone know that they are talking about banks joining together or buying each other, not talking about other kinds of businesses.

  • Type:Notice
    Citation:86 FR 5196
    Reading Time:about a minute or two

    The Federal Reserve System has announced several applications for review involving bank holding companies. These applications, governed by the Bank Holding Company Act, include Huntington Bancshares Incorporated's plan to acquire TCF Financial Corporation and First Cahawba Bancshares, Inc.'s proposal to become a bank holding company by acquiring First Cahawba Bank. Interested parties can review the applications and submit their comments to the respective Federal Reserve Banks or the Board of Governors by February 18, 2021.

    Simple Explanation

    The Federal Reserve, which helps keep banks in check, announced that one big bank wants to buy another, and another small company wants to become a bank by buying a tiny bank. People can say what they think about these changes until February 18, 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 15570
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies have applied for approval to either become a bank holding company or acquire another bank or bank holding company under the Bank Holding Company Act of 1956 and related regulations. These applications are available for public inspection at the specified Federal Reserve Banks and the Board of Governors' offices, with comments from the public being invited. The comments must be submitted by May 14, 2025, and will be subject to public disclosure. One specific application mentioned is from Legacy Financial, Inc. of Johnson, Kansas, which seeks to acquire BancCentral, National Association in Alva, Oklahoma.

    Simple Explanation

    The Federal Reserve System is checking if companies can buy or join with other banks. People can look at these plans and say what they think by May 14, 2025, but everyone will see their comments. One company from Kansas wants to buy a bank in Oklahoma.

  • 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: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: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.

  • 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: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.