Search Results for keywords:"Acquisitions"

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Search Results: keywords:"Acquisitions"

  • Type:Notice
    Citation:90 FR 15986
    Reading Time:about a minute or two

    The Federal Reserve System is reviewing several applications from companies that want to form bank holding companies or acquire control of banks. The applications are submitted under the Bank Holding Company Act and other regulations. People interested in these actions can check the details at the mentioned Federal Reserve Bank locations or online, and they can send written comments. Comments must be submitted by May 16, 2025, and will be open to public inspection.

    Simple Explanation

    The Federal Reserve is looking at requests from companies that want to start or buy banks, and anyone can look at these requests and say what they think by a certain date.

  • Type:Notice
    Citation:90 FR 8296
    Reading Time:about 2 minutes

    The Federal Reserve System published a notice regarding applications from several companies seeking approval to become or acquire bank holding companies. The process is regulated under the Bank Holding Company Act of 1956 and other relevant laws. This notice lists specific applications, including the Lindsey Family Trust's proposal to acquire The Trust Bank in Georgia, Morning Sun Bank Corp.'s plan to acquire First Trust and Savings Bank in Iowa, and Old National Bancorp's acquisition of Bremer Bank in Minnesota. The public can inspect these applications and submit comments, which will be publicly disclosed.

    Simple Explanation

    The Federal Reserve is like a big helper that checks if companies can become or buy banks. They’re looking at three companies' plans to buy banks right now. People can learn about these plans and tell the helpers what they think by a certain day.

  • Type:Notice
    Citation:90 FR 14141
    Reading Time:about a minute or two

    This document is a notice from the Federal Reserve System announcing that certain companies have applied to become bank holding companies or to acquire control over banks. The applications are being reviewed under the Bank Holding Company Act of 1956 and Regulation Y. The public can view the details of these applications and submit written comments, which will be publicly disclosed. One such application is from Centreville, MHC, in West Warwick, Rhode Island, seeking to acquire Centreville Bank.

    Simple Explanation

    The Federal Reserve is announcing that some companies want to become big bank bosses or take over other banks. People can read about these plans and say what they think, but they might worry because the rules can be hard to understand and personal information could be shared.

  • Type:Notice
    Citation:89 FR 100496
    Reading Time:about a minute or two

    In a notice from the Federal Reserve System, several companies applied to become bank holding companies or to acquire banks or bank holding companies. These applications are in accordance with the Bank Holding Company Act of 1956 and the regulations included. The public can inspect the applications and related files at designated Federal Reserve Banks and the Board of Governors' offices. Comments on the applications are invited from the public and must be submitted by January 13, 2025, with all responses being subject to public disclosure.

    Simple Explanation

    The Federal Reserve System is letting people know that some companies want to start owning banks or buy other banks. People can look at the companies' plans and say what they think about them by January 13, 2025.

  • Type:Notice
    Citation:90 FR 9243
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies have applied for approval to form or acquire bank holding companies under the Bank Holding Company Act of 1956 and Regulation Y. These applications are available for public inspection, and people can also comment on them. Comments will be publicly disclosed and must be submitted by March 12, 2025. One notable application comes from Bosshard Financial Group, Inc., which is seeking approval to merge with Bosshard Banco, Ltd. and acquire two banks in Wisconsin.

    Simple Explanation

    The Federal Reserve is looking at plans from some companies who want to join together to make bigger banks. One company, called Bosshard Financial Group, wants to merge with another bank and buy two more banks in a place called Wisconsin.

  • Type:Notice
    Citation:90 FR 13365
    Reading Time:about 2 minutes

    The Federal Reserve System has announced that several companies have applied for approval to become bank holding companies or to acquire existing banks or bank holding companies. The applications are open for public inspection and comment, and interested parties can submit their views by April 21, 2025. Specific applications include Avidia Bancorp, Inc. in Massachusetts seeking to merge and form a bank holding company, and North Texas Bancshares, Inc. in Texas aiming to acquire another financial corporation. Comments will be publicly disclosed, so they should not contain confidential information.

    Simple Explanation

    Several companies want to either join together to make a new bank or buy existing banks. People can read about their plans and share their thoughts. They have until April 21, 2025, to say what they think.