Search Results for keywords:"Bank Holding Companies"

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.

The Federal Reserve System has announced that several companies have applied to become bank holding companies or to acquire control over existing ones. This process is regulated by the Bank Holding Company Act of 1956 and relevant statutes, and the public can review and comment on these applications until February 22, 2021. One highlighted application involves PSB Holdings, Inc. from Wisconsin, aiming to merge with Waukesha Bankshares, Inc. Interested individuals can access the applications at designated Federal Reserve Banks or online.

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.

The Board of Governors of the Federal Reserve System is asking the public to comment on a plan to extend, for three more years, the time allowed for holding on to assets gained in settling past debts. This process, identified as FR 4006, requires bank holding companies to seek approval to keep such assets for more than two years. Comments on this proposal must be submitted by May 27, 2025, and can be submitted through the Federal Reserve's website or by other methods like mail or email. The Board will consider feedback to decide if any changes to this proposal are necessary.

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.

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.

The Board of Governors of the Federal Reserve System is extending, with revisions, the rules for recordkeeping and disclosure related to real estate appraisal standards, known as FR Y-30. This extension is set for three years and takes effect immediately. These rules are mandatory for state member banks and nonbank subsidiaries of bank holding companies, aiming to ensure compliance with uniform appraisal standards as required by law. No public comments were received during the notice period despite an invitation for input.

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.