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.