Search Results for keywords:"Bank Holding Company"

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Search Results: keywords:"Bank Holding Company"

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  • 2025-04437 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:90 FR 12534
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals and trusts associated with the Kale family in Iowa. They seek approval to acquire shares of Osceola Bancorporation and indirectly retain voting shares of American State Bank, both located in Osceola, Iowa. The applications are available for public inspection, and comments can be submitted until April 2, 2025. Public comments will be disclosed without redaction of personal information.

    Simple Explanation

    The Federal Reserve System is looking at whether it should let people from the Kale family in Iowa buy shares of a company that owns a bank. People can read these plans and say what they think until April 2, 2025.

  • 2020-29030 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    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.

  • 2025-02521 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    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.

  • 2025-05384 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    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.

  • 2025-01697 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:90 FR 8132
    Reading Time:about a minute or two

    The Federal Reserve System has released a notice regarding applications from companies seeking approval to become or acquire a bank holding company. These applications, which fall under the Bank Holding Company Act of 1956 and related regulations, are open for public inspection at designated Federal Reserve Banks and the Board of Governors' offices. Individuals can submit their written comments on these applications by February 24, 2025. The notice includes an application by First Missouri Bancshares, Inc. to acquire CCSB Financial Corp. and its subsidiary, Clay County Savings Bank.

    Simple Explanation

    The Federal Reserve System wants to make sure all the rules are followed when one company tries to become a big bank or buy another bank, and they're asking people to share their thoughts by February 24, 2025. They're letting everyone know that First Missouri Bancshares wants to buy CCSB Financial Corp. and its bank, so if you have any ideas or worries, you can tell them!

  • 2025-02372 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:90 FR 9157
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from companies seeking to become bank holding companies or to acquire banks or bank holding companies. These applications are processed under the Bank Holding Company Act and other regulations. The public can view these applications at designated Federal Reserve locations or online, and are invited to submit their written comments by March 10, 2025. Notably, Heritage Bancshares, Inc. of Topeka, Kansas, aims to acquire Fidelity State Bank and Trust Company, also located in Topeka.

    Simple Explanation

    The Federal Reserve System is checking paperwork from companies that want to buy or merge with banks. People can see these papers and say what they think before March 10, 2025.

  • 2025-03785 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:90 FR 11607
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications from individuals and groups who want to acquire shares in banks or bank holding companies. These applications are reviewed under the Change in Bank Control Act, and the public can view them at the respective Federal Reserve Banks or online. Comments from the public are welcome but should not include confidential details, as they will be made publicly available. Two specific applications have been mentioned: one involving trustees retaining shares in Community Financial Services in Kentucky, and another concerning individuals joining a family group to acquire shares in Carlson Bankshares in Minnesota.

    Simple Explanation

    The Federal Reserve is looking at requests from people who want to own parts of banks, just like you might share toys with your friends. They want to make sure everything is fair, and people can tell the Federal Reserve what they think, just like when you talk about sharing rules in kindergarten.

  • 2025-03058 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    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.

  • 2021-02237 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:86 FR 8016
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from several individuals and trusts to acquire shares in a bank or bank holding company. This is under the Change in Bank Control Act and the Board's Regulation Y. Details of these applications are available for public viewing at the specified Federal Reserve Banks or the Board of Governors' offices. Interested parties can submit their comments on these applications by February 18, 2021.

    Simple Explanation

    People want to buy pieces of a bank, and the big boss group needs to check if it's okay. Anyone who wants to say something about this has until February 18, 2021, to do so.

  • 2021-01808 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    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.