Search Results for keywords:"First Bank

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Search Results: keywords:"First Bank

  • Type:Notice
    Citation:90 FR 9157
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from companies seeking to become bank holding companies or to acquire banks or bank holding companies. These applications are processed under the Bank Holding Company Act and other regulations. The public can view these applications at designated Federal Reserve locations or online, and are invited to submit their written comments by March 10, 2025. Notably, Heritage Bancshares, Inc. of Topeka, Kansas, aims to acquire Fidelity State Bank and Trust Company, also located in Topeka.

    Simple Explanation

    The Federal Reserve System is checking paperwork from companies that want to buy or merge with banks. People can see these papers and say what they think before March 10, 2025.

  • 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 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: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.

  • 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: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:86 FR 98
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from certain companies to either form bank holding companies or acquire control of existing banks. These applications, submitted under the Bank Holding Company Act of 1956, are available for public viewing at specified Federal Reserve Banks and online. The public can submit comments on these applications by February 3, 2021. An example is St. Holdings, Inc. from Orlando, Florida, aiming to acquire shares of Rochelle State Bank in Georgia.

    Simple Explanation

    The Federal Reserve got some forms from companies who want to either start new banks or take over existing ones, and people can look at these forms and say what they think until February 3, 2021.

  • Type:Notice
    Citation:90 FR 8936
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from companies interested in forming bank holding companies or acquiring banks. Interested parties can view these applications at the specific Federal Reserve Banks listed and the Board of Governors' offices. Public comments on the applications can be submitted until March 6, 2025. Notably, Independent Bank Corp. from Massachusetts aims to acquire Enterprise Bancorp, Inc., while Community Bank Holdings of Texas, Inc. seeks to take over CapTex Bancshares, Inc.

    Simple Explanation

    The Federal Reserve is checking if some companies can buy or start banks, and people have until March 6, 2025, to say what they think about it. But if they share their thoughts, everyone might get to see them, which could make some people shy about sharing.

  • Type:Notice
    Citation:89 FR 96708
    Reading Time:about 4 minutes

    FinCEN, part of the U.S. Treasury, is seeking nominations for new members to join the Bank Secrecy Act Advisory Group (BSAAG) for three-year terms. They are inviting financial institutions, trade groups, and non-federal regulators or law enforcement agencies located in the U.S. These members will provide insights on compliance with laws like the Corporate Transparency Act and other regulations. Interested organizations can submit their nominations by January 6, 2025, and must include specific information about their eligibility and the value they bring to the group.

    Simple Explanation

    FinCEN, like a big helper group for banks, wants new team members to help them keep things safe and fair, and they’re asking banks and other groups to join by sending applications by January 6, 2025. They’re looking for groups in the U.S. who can share smart ideas, but they won’t pick people who sell software.

  • Type:Notice
    Citation:86 FR 539
    Reading Time:about a minute or two

    The Federal Reserve System announced that several companies have applied for approval to become bank holding companies or to acquire assets or control of banks or bank holding companies. Public portions of these applications are available for inspection at specific Federal Reserve Banks and online through the Federal Reserve's website. Interested individuals can submit their comments about these applications by February 5, 2021. One notable application involves PNC Financial Services Group, Inc. and PNC Bancorp, Inc. seeking to acquire BBVA USA Bancshares, Inc. and indirectly BBVA USA.

    Simple Explanation

    The Federal Reserve says some companies want to buy banks or become bank owners, and people can look at these plans online and share their thoughts by early February 2021. One big company, PNC, wants to buy another bank called BBVA USA.