The Federal Reserve System has received applications from certain individuals and groups to acquire or retain shares in a bank or bank holding company under the Change in Bank Control Act. Public portions of these applications can be viewed at the relevant Federal Reserve Banks or the Board of Governors' offices. The public can comment on these applications until May 14, 2025, by sending written comments to the appropriate entities. Submitted comments will be publicly disclosed, but commenters are advised not to include confidential information in their submissions.
Simple Explanation
The Federal Reserve System is letting people know that some folks want to buy shares in a bank. People can look at the applications and share their thoughts by writing letters before May 14, 2025.