Search Results for keywords:"12 U.S.C. 1817(j)"

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Search Results: keywords:"12 U.S.C. 1817(j)"

  • Type:Notice
    Citation:86 FR 92
    Reading Time:about 2 minutes

    The Federal Reserve System announced that individuals and groups have submitted applications to acquire shares of banks or bank holding companies, as outlined in the Change in Bank Control Act. These applications are being reviewed based on specific factors detailed in the Act. The public can view these applications and related documents at certain Federal Reserve Bank locations or online. Comments on the applications must be submitted by January 19, 2021.

    Simple Explanation

    The Federal Reserve is checking if people can buy big pieces of banks. They want to make sure everything is safe and fair, so people can say what they think about it until January 19, 2021.

  • Type:Notice
    Citation:86 FR 8793
    Reading Time:about 2 minutes

    The Federal Reserve System is publishing a notice regarding several applications under the Change in Bank Control Act. The notice lists individuals from the Tutera Family Group applying to acquire or retain shares in Central Bancshares of Kansas City and its subsidiary, Central Bank of Kansas City. Public filings and related documents are available for inspection at the Federal Reserve Bank of Kansas City and the Board of Governors. Interested parties have until February 24, 2021, to submit comments on the applications.

    Simple Explanation

    The Federal Reserve System is letting people know that some members of the Tutera family want to buy or keep more pieces of a bank in Kansas City. People can also tell the Federal Reserve what they think about this, but only until February 24, 2021.

  • Type:Notice
    Citation:90 FR 10500
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from various individuals and trusts seeking approval to acquire shares in a bank or bank holding company under the Change in Bank Control Act. The applications, which detail the involved parties from the Scott Family Group, aim to retain voting shares of Scott Bancshares, Inc., and Scott State Bank in Illinois. The public can view these applications and submit comments, which will be made publicly available. Comments must be sent to the designated Federal Reserve Bank or the Board of Governors by March 11, 2025.

    Simple Explanation

    The Federal Reserve is letting people know that some families want to buy shares in certain banks in Illinois, and they would like everyone's thoughts by March 11, 2025. People can see these requests and share what they think, but they need to be careful because their comments might be shared with others.

  • Type:Notice
    Citation:86 FR 10967
    Reading Time:about a minute or two

    The Federal Reserve System announced that several individuals have applied to acquire shares of a bank or bank holding company under the Change in Bank Control Act. The applications are available for public inspection at specified Federal Reserve Bank locations and online. People who are interested can submit their comments by the deadline of March 10, 2021. This notification specifically highlights an application involving a group from Texas seeking shares in Louise Bancshares, Inc., which owns First State Bank and Dilley State Bank.

    Simple Explanation

    The Federal Reserve System is making sure everything is okay with people who want to buy part of a bank, like inspecting your friend's drawings to make sure you won't run out of crayons. People can say what they think about this by March 10, 2021, just like sharing your thoughts on your friend's work in class.

  • Type:Notice
    Citation:90 FR 13163
    Reading Time:about a minute or two

    The Federal Reserve System has announced that certain individuals have applied under the Change in Bank Control Act to acquire shares in a bank or bank holding company. These applications are available for public inspection at specific Federal Reserve Banks and can also be requested from the Board's Freedom of Information Office. People interested in commenting on these applications can submit their views in writing by April 4, 2025. All comments submitted may be disclosed publicly, so confidential information should not be included. For instance, Emma Ryan from Heartwell, Nebraska, is part of a group seeking to get voting shares in First Central Nebraska Co., indirectly impacting the Nebraska State Bank and Trust Company.

    Simple Explanation

    In this notice, the Federal Reserve is telling people about certain individuals who want to buy shares in a bank. People can look at these requests and share what they think, but they need to send their opinions by April 4, 2025.

  • Type:Notice
    Citation:90 FR 9431
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice about applications under the Change in Bank Control Act. This announcement concerns individuals and trusts seeking to acquire shares in banks or bank holding companies. Specifically, the Pratt Family PFBS Irrevocable Trust aims to join a control group to acquire voting shares of PFBS Holdings, Inc., which would give them control over Lakeside Bank in Texas. Comments on these applications are welcome until February 27, 2025, and can be submitted to the Federal Reserve Bank of Dallas or the Board of Governors.

    Simple Explanation

    The Federal Reserve has a new rule: if someone wants to buy lots of bank shares to gain control, like a family or trust, they need to ask for permission. Right now, a family trust wants to control a bank in Texas, and people can tell the Federal Reserve what they think about this until February 27, 2025.

  • Type:Notice
    Citation:86 FR 7292
    Reading Time:about 3 minutes

    The Federal Reserve System has received applications from individuals and groups under the Change in Bank Control Act to acquire or retain shares in various banks and bank holding companies. These applications are open for public inspection at specified Federal Reserve Banks and the Board of Governors. Interested parties can submit written comments by February 11, 2021. Notable applications include the McHugh family seeking to retain shares in McHugh Investment Company, and the Oliver Family Group aiming to acquire additional shares in Valliance Financial Corp.

    Simple Explanation

    The Federal Reserve is checking to make sure that some families who want to buy or keep more parts of banks are okay to do so, and people can tell the Reserve what they think about it before a certain date.