Search Results for citation:"90 FR 4742"

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Search Results: citation:"90 FR 4742"

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  • 2025-01032 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:90 FR 4742
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain individuals have applied to acquire shares in a bank or bank holding company under the Change in Bank Control Act. The applications are available for public inspection and comment before January 31, 2025, at the Federal Reserve Bank of Minneapolis and the Board of Governors in Washington, DC. Specifically, Gabrielle Pogatchnik from Philadelphia is seeking to join the Pogatchnik Family Control Group to retain shares in Finlayson Bancshares, which owns First Independent Bank and Northview Bank in Minnesota. Comments submitted will be publicly disclosed, and should not contain confidential information unsuitable for public disclosure.

    Simple Explanation

    Some people want to buy shares in a company that owns a bank, and now others can look at what they want to do and say their opinions by the end of January 2025.

  • 2025-01033 — Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
    Type:Notice
    Citation:90 FR 4742
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice regarding certain companies planning to engage in or acquire companies involved in nonbanking activities, as permitted under the Bank Holding Company Act and Regulation Y. The activities are considered closely related to banking and will be conducted across the United States. The public can inspect the applications at certain Federal Reserve Banks or contact the Board's Freedom of Information Office for expedited requests. Comments from the public are invited and must be submitted by January 31, 2025, to the appropriate offices of the Federal Reserve System.

    Simple Explanation

    The Federal Reserve System is letting people know about some companies that want to start doing things like banks do, even if they are not banks. They want people to look at their plans and say what they think about it by January 31, 2025.