Type:Notice
Citation:90 FR 10638
Reading Time:about 2 minutes
The Federal Reserve System has received applications from individuals and family trusts known as the Jones Control Group. They are seeking permission to retain shares and control of the Commercial National Corporation in Texas and its related financial entities. The public is invited to comment on these applications by March 12, 2025, and such comments will be publicly accessible. Any comments should be sent to the Federal Reserve Bank of Dallas or the Board of Governors.
Simple Explanation
The Federal Reserve is checking if the Jones family can keep owning part of a bank in Texas. People can tell the Reserve what they think about this until March 12, 2025.